Someone mention the perp walks? Watching the perp walks for Cioffi and Tannin has changed my mind forever about perp walks for people indicted for felonies that are not a threat to public safety. The only reason those perp walks were done was to parade the men in handcuffs in front of the cameras. If those indicted turn out to be innocent, there is nothing that can be done to undo the humiliation of that experience. It is punishment without due process of law. It also has a touch of Singapore-type justice that is incompatible with our values and our criminal justice system.
There was some talk on CNBC that although numbers are seasonally adjusted for high school and college students entering the job market, students entered the market earlier than normal in May of this year, throwing off the usual adjustment.
The original plotters, Plotkin and Pajcin, worked for Goldman Sachs as traders. They brought in Shpigelman, a mergers & acquisitions guy from Merrill Lynch. It all went downhill from there.
The names sound like they were dreamed up by Mel Brooks for a musical about crazy times on Wall Street.
Many a strange thing has been happening recently in the unsupervised federal bureaucracies as the Bush Administration lurches to a close. I hope whoever gets elected to the Presidency has a good transition team to get the federal agency heads and federal Commissioners chosen and appointed, and the bureaucracy staffs brought up to proper staffing level with qualified people.
The Clinton Administration took forever to get this achieved, mainly because Bill had to vet appointments, Hillary had to vet appointments, and Al Gore, with his "reinventing government" initiative, had to vet appointments.
The failure of the FCC and the DOJ to get their act together on the XM/Sirius merger is just one example of the many delays created by inadequate leadership in the federal bureaucracies.
Nice lay-off stories. Bloomberg posted a while back about the 4K employees Dimon planned to lay-off at JP Morgan, so it's not really news.
Apparently things are reaching an end-point at Bear. Remember, May 29 is the Bear Stearns shareholder vote. Next week! DB should take down the poll about the vote; now that JP Morgan has 49+% of the stock, does anyone have a doubt about how the vote will go?
Dimon doesn't care if he's not considered a nice guy. He's been officially declared a giant among midgets!
"Losers at bear ... flushed away and forgotten." Not.
Wow. A lot of comments. I'm still working but taking a break to check DB.
One commenter responded to an earlier post I made about McCain never foregoing an opportunity to engage in military action:
"McCain opposed leaving troops in Lebanon. He sponsored an amendment to cut off funding for mission to Somalia. He opposed sending the military to Haiti."
I'll have to check these facts out. Maybe I'm wrong, in which case I'll be glad, because McCain does have some qualities I admire. Thank you for the specificity of your response.
Btw, I don't get my history lessons from Hillary Clinton speeches. Honestly, I find it very difficult to listen to Hillary Clinton speeches. I think she's down for the count anyway in this Presidential race, and I'm really, really sick of hearing Paul Begala and Lanny Davis argue on CNN that she still has a chance. If anyone needs to be cut-off from a mic, it's those two.
Responding to some other stuff that was posted: I believe McCain got out of POW prison before the end of the Viet Nam war. I believe I actually heard McCain say that we never gave winning in Viet Nam a fair chance.
LBJ escalated the war effort right after the 1964 election and I don't believe we got out until the fall of Saigon, which I think happened in 1973, so not counting our advisory years under Kennedy, we gave it nine years. I have forgotten how much we spent, but we did lose more than 75,000 men and women. Given the additional facts that our opponent actually took over the country and our folks scrambled to escape by helicopter, I'd say we gave the Viet Nam war effort enough.
Cluzo, sorry to see the racist idiot was back online today.
Btw, don't agree with the theory that HIV was invented to exterminate blacks. It's just nonsense and ignores the scientific facts about the emergence of the virus.
I've always thought that the repricing of housing to more affordable levels was the silver lining in this particular cloud. I was out of the housing market for a long time because I was the proud lease-holder of a rent-stabilized apartment. When that idyll ended, the reality bath was pretty cold.
As a bystander, I had wondered for years where ordinary people were getting the money to pay astronomical housing prices. Now I know. I think prices will fall further, because there is no shortage of people in deep financial trouble.
Btw, Donald Trump is apparently sponsoring "seminars" around the country on how to make your fortune from buying and selling foreclosed property.
I wonder if the lower court order about the currency is going to stand up through the appeals process.
Very costly for the U.S. However, many countries have adopted subtle changes to their currency that the allow the blind to understand the amount of the bill.
Bear people who were taken by Morgan were told that there would be lay-offs at JP Morgan to accommodate their hiring. (Some were even told that there would be two JP Morgan lay-offs for every Bear brought in.) JP Morgan lay-offs are taking place now so that the Bear hires can be physically integrated into their new assignments. How's that for a great psychological set-up: survivor guilt among your Bear colleagues for being asked to go with JP Morgan job, sadness for the colleagues that will be out of work, and a tepid welcome at JP Morgan because you're the person that caused their beloved colleague to be out on the street.
I am one of the few that feel that the lack of women at the top is the result of subtle and not-so-subtle problems: (1) gender bias, including a hostile work environment (demeaning personal questions and jokes); and (2) the problem of child-bearing years occurring during a critical make-it-or-break period in a Wall Street career.
Comments on this site illustrate the prevalence of gender bias and the frequently hostile environment toward women.
The problem of child-bearing occurring during critical career years could be overcome by better child-care options; arrangements that wouldn't tax parents' natural and loving concern for their children. Money can't buy everything and individual unregulated child-care arrangements frequently have less than satisfactory outcomes. More flexible hours would help, too.
Women are more successful at moving toward the top in law and academia. Something must be working in these fields that isn't working on Wall Street.
I've never seen a TV commentator with moister eyes than Sorkin. I don't agree that he comes off as a Tiger Woods of journalism -- to me he seems like an overactive cocker spaniel. Whenever I see him on TV I feel it's a waste of my time, because more experienced people are available to comment and frankly, he annoys me.
I don't agree with @3:53pm about Jeffrey Toobin. Toobin writes frequent well-informed articles for the New Yorker and recently published a very good book about the Supreme Court. Usually his television legal commentary is based on standard issue law school analysis or his experience as a prosecutor and it's pretty rational, but on a few occasions I've seen him on CNN overreach about trivial celebrity-related legal matters. I wonder why he bothers. Also, I don't know why he wastes his time as a political analyst, because it isn't his forte.
Frankly, Ham05 seems pretty normal and is frequently funny. Face it, solicitous dad, wherever your daughter goes to school, she's going to be around guys whose sexual interest is on overdrive.
Someone mention the perp walks? Watching the perp walks for Cioffi and Tannin has changed my mind forever about perp walks for people indicted for felonies that are not a threat to public safety. The only reason those perp walks were done was to parade the men in handcuffs in front of the cameras. If those indicted turn out to be innocent, there is nothing that can be done to undo the humiliation of that experience. It is punishment without due process of law. It also has a touch of Singapore-type justice that is incompatible with our values and our criminal justice system.
There was some talk on CNBC that although numbers are seasonally adjusted for high school and college students entering the job market, students entered the market earlier than normal in May of this year, throwing off the usual adjustment.
The original plotters, Plotkin and Pajcin, worked for Goldman Sachs as traders. They brought in Shpigelman, a mergers & acquisitions guy from Merrill Lynch. It all went downhill from there. The names sound like they were dreamed up by Mel Brooks for a musical about crazy times on Wall Street.
Universal Healthcare Proxy Rulings May Indicate The Lunatics Are Running The Asylum
Many a strange thing has been happening recently in the unsupervised federal bureaucracies as the Bush Administration lurches to a close. I hope whoever gets elected to the Presidency has a good transition team to get the federal agency heads and federal Commissioners chosen and appointed, and the bureaucracy staffs brought up to proper staffing level with qualified people. The Clinton Administration took forever to get this achieved, mainly because Bill had to vet appointments, Hillary had to vet appointments, and Al Gore, with his "reinventing government" initiative, had to vet appointments. The failure of the FCC and the DOJ to get their act together on the XM/Sirius merger is just one example of the many delays created by inadequate leadership in the federal bureaucracies.
Nice lay-off stories. Bloomberg posted a while back about the 4K employees Dimon planned to lay-off at JP Morgan, so it's not really news. Apparently things are reaching an end-point at Bear. Remember, May 29 is the Bear Stearns shareholder vote. Next week! DB should take down the poll about the vote; now that JP Morgan has 49+% of the stock, does anyone have a doubt about how the vote will go? Dimon doesn't care if he's not considered a nice guy. He's been officially declared a giant among midgets! "Losers at bear ... flushed away and forgotten." Not.
Wow. A lot of comments. I'm still working but taking a break to check DB. One commenter responded to an earlier post I made about McCain never foregoing an opportunity to engage in military action: "McCain opposed leaving troops in Lebanon. He sponsored an amendment to cut off funding for mission to Somalia. He opposed sending the military to Haiti." I'll have to check these facts out. Maybe I'm wrong, in which case I'll be glad, because McCain does have some qualities I admire. Thank you for the specificity of your response. Btw, I don't get my history lessons from Hillary Clinton speeches. Honestly, I find it very difficult to listen to Hillary Clinton speeches. I think she's down for the count anyway in this Presidential race, and I'm really, really sick of hearing Paul Begala and Lanny Davis argue on CNN that she still has a chance. If anyone needs to be cut-off from a mic, it's those two. Responding to some other stuff that was posted: I believe McCain got out of POW prison before the end of the Viet Nam war. I believe I actually heard McCain say that we never gave winning in Viet Nam a fair chance. LBJ escalated the war effort right after the 1964 election and I don't believe we got out until the fall of Saigon, which I think happened in 1973, so not counting our advisory years under Kennedy, we gave it nine years. I have forgotten how much we spent, but we did lose more than 75,000 men and women. Given the additional facts that our opponent actually took over the country and our folks scrambled to escape by helicopter, I'd say we gave the Viet Nam war effort enough. Cluzo, sorry to see the racist idiot was back online today. Btw, don't agree with the theory that HIV was invented to exterminate blacks. It's just nonsense and ignores the scientific facts about the emergence of the virus.
I've always thought that the repricing of housing to more affordable levels was the silver lining in this particular cloud. I was out of the housing market for a long time because I was the proud lease-holder of a rent-stabilized apartment. When that idyll ended, the reality bath was pretty cold. As a bystander, I had wondered for years where ordinary people were getting the money to pay astronomical housing prices. Now I know. I think prices will fall further, because there is no shortage of people in deep financial trouble. Btw, Donald Trump is apparently sponsoring "seminars" around the country on how to make your fortune from buying and selling foreclosed property.
I wonder if the lower court order about the currency is going to stand up through the appeals process. Very costly for the U.S. However, many countries have adopted subtle changes to their currency that the allow the blind to understand the amount of the bill.
hawk99 and big r, you're funny.
Bear people who were taken by Morgan were told that there would be lay-offs at JP Morgan to accommodate their hiring. (Some were even told that there would be two JP Morgan lay-offs for every Bear brought in.) JP Morgan lay-offs are taking place now so that the Bear hires can be physically integrated into their new assignments. How's that for a great psychological set-up: survivor guilt among your Bear colleagues for being asked to go with JP Morgan job, sadness for the colleagues that will be out of work, and a tepid welcome at JP Morgan because you're the person that caused their beloved colleague to be out on the street.
Every now and then, I appreciate the return of Mike's Hard Lemonade.
Liked the comment made by girl that the bacon tux would compliment her poached egg dress.
Yeah, @6:50pm, I've wondered that, too. Well, sooner or later we'll get the word out of the Kremlin.
The 248 point drop in the Dow today somehow seems more interesting than the rest of the news ...
@2:25. Do you advocate eliminating the Federal Reserve as well?
I am one of the few that feel that the lack of women at the top is the result of subtle and not-so-subtle problems: (1) gender bias, including a hostile work environment (demeaning personal questions and jokes); and (2) the problem of child-bearing years occurring during a critical make-it-or-break period in a Wall Street career. Comments on this site illustrate the prevalence of gender bias and the frequently hostile environment toward women. The problem of child-bearing occurring during critical career years could be overcome by better child-care options; arrangements that wouldn't tax parents' natural and loving concern for their children. Money can't buy everything and individual unregulated child-care arrangements frequently have less than satisfactory outcomes. More flexible hours would help, too. Women are more successful at moving toward the top in law and academia. Something must be working in these fields that isn't working on Wall Street.
Cluzo, thank you for repeating the Gasparino remark about Dimon. It gave me the best laugh of the day.
ARS-ED: Andrew Ross Sorkin Educates DealBreaker
I've never seen a TV commentator with moister eyes than Sorkin. I don't agree that he comes off as a Tiger Woods of journalism -- to me he seems like an overactive cocker spaniel. Whenever I see him on TV I feel it's a waste of my time, because more experienced people are available to comment and frankly, he annoys me. I don't agree with @3:53pm about Jeffrey Toobin. Toobin writes frequent well-informed articles for the New Yorker and recently published a very good book about the Supreme Court. Usually his television legal commentary is based on standard issue law school analysis or his experience as a prosecutor and it's pretty rational, but on a few occasions I've seen him on CNN overreach about trivial celebrity-related legal matters. I wonder why he bothers. Also, I don't know why he wastes his time as a political analyst, because it isn't his forte.
A serious question for guest@9:25am, because I'm still thinking McCain? or Obama?: has McCain spoken about the capital gains rate?
Frankly, Ham05 seems pretty normal and is frequently funny. Face it, solicitous dad, wherever your daughter goes to school, she's going to be around guys whose sexual interest is on overdrive.