@27, can you provide specific examples please? I'm not saying I disagree with you, I am just seeing if you were listening to talk radio this morning and are just repeating what they said to make yourself sound intelligent.
Thanks
@2, because that would take the marking ability out of the hands of the trading desk, and I would suspect that there may be a few mismarked books out there due to the lack of liquidity. Kind of like the tobacco lobby, everyone knows it isn't right, but they keep people employed
The govt didn't bail out wall street. It made an investment in the banks by buying some of their crappy assets. if the banks do well, those assets become worth more. They are similar to stock holders because they want the banks to do well. Stockholders have no problem paying bonuses, so the govt shouldn't either. The money that was used for the bail out is not just cash handed over. The govt expects the money back. so to think that the taxpayers paid for wall street bonuses is ridiculous. If you don't pay bonuses and the talent walks, which you say is ok, who will be there to revive the banking system so those assets you the taxpayer own don't become low quality toilet paper?
Whats up with all of the amateurs here? Who says "beeps" and "drops like a prom dress" (@9). Did you get all of your material from some lame ass trading from dummies book?
Then check out #25 he is also on the 'beeps' train, Hogs get slaughtered? That's original.
@ 13 Corky was on Life goes on, not Family Ties.
What passes for disabled these days? If I write my resume in Crayon, will that get me a job at ML? Or would I be lost in the sea of resumes from Lehm also written in crayon?
The lehman posts just goes to show you how much people not involved in the CDS market have no friggin clue about what they are talking about. these are the same people that want to regulate that market. What a bunch of idiots. Measuring a derivative market by notional is probably the dumbest thing I have ever heard. Management does it all of the time. If I pay and receive on a swap 100mm times each, all of a sudden I have 200mm in swap exposure?! It makes no sense. However, I have seen it happen where I work... people who have no idea what derivatives are have no business getting their panties in a bunch over it.
@4, did you get run over on your long oil position trying to frontrun GS or something?
Are you the same D-bag that has been on here bitching about DB not covering a prediction about Goldman... Are you new or just stupid? Of course Goldman is going to talk their position. Get your head out of your ass
Why is it that every time I see www.tinyurl, I want to punch my computer screen?
@19... should be "too dude, where's my car; didn't read If you are going to mock someone, do it right NO AND THEN!
@27, can you provide specific examples please? I'm not saying I disagree with you, I am just seeing if you were listening to talk radio this morning and are just repeating what they said to make yourself sound intelligent. Thanks
The price of the stock is due to the rumor mongering, not the shitty management or completely inefficient balance sheet... Good one
Soros plugs his book... simply astounding
@76! hey... I'm wearing slippers, don't make assumptions
There is nothing wrong with a little bit of taint
@2, because that would take the marking ability out of the hands of the trading desk, and I would suspect that there may be a few mismarked books out there due to the lack of liquidity. Kind of like the tobacco lobby, everyone knows it isn't right, but they keep people employed
Unrealized losses are better than realized losses because unrealized losses can only turn into realized gains right?
I just saw NINE seperate people boxes on CNBC... absolutely ridiculous
I have your market reaction: Obama wins - Stocks tank McCain wins - Stocks tank
The govt didn't bail out wall street. It made an investment in the banks by buying some of their crappy assets. if the banks do well, those assets become worth more. They are similar to stock holders because they want the banks to do well. Stockholders have no problem paying bonuses, so the govt shouldn't either. The money that was used for the bail out is not just cash handed over. The govt expects the money back. so to think that the taxpayers paid for wall street bonuses is ridiculous. If you don't pay bonuses and the talent walks, which you say is ok, who will be there to revive the banking system so those assets you the taxpayer own don't become low quality toilet paper?
Was "No Comment" up on the teleprompter as well?
@9... I saw the reference and laughed out loud.
Whats up with all of the amateurs here? Who says "beeps" and "drops like a prom dress" (@9). Did you get all of your material from some lame ass trading from dummies book? Then check out #25 he is also on the 'beeps' train, Hogs get slaughtered? That's original.
@ 13 Corky was on Life goes on, not Family Ties. What passes for disabled these days? If I write my resume in Crayon, will that get me a job at ML? Or would I be lost in the sea of resumes from Lehm also written in crayon?
The lehman posts just goes to show you how much people not involved in the CDS market have no friggin clue about what they are talking about. these are the same people that want to regulate that market. What a bunch of idiots. Measuring a derivative market by notional is probably the dumbest thing I have ever heard. Management does it all of the time. If I pay and receive on a swap 100mm times each, all of a sudden I have 200mm in swap exposure?! It makes no sense. However, I have seen it happen where I work... people who have no idea what derivatives are have no business getting their panties in a bunch over it.
@4, did you get run over on your long oil position trying to frontrun GS or something? Are you the same D-bag that has been on here bitching about DB not covering a prediction about Goldman... Are you new or just stupid? Of course Goldman is going to talk their position. Get your head out of your ass
CNBC just reported this... I agree that they just read DB all day.
why is wachovia under counterparty failure?