Dealbreaker

Entry: Emergency Rate Cut?

posted by DrederickTatum

Sep 17, 2008 1:07PM

The yield on the 3 Month Treasury is .02!!!

Entry: Who Wants A Battered Piece Of Ass(ets)?

posted by DrederickTatum

Sep 17, 2008 4:54PM

Wachovia and Morgan Stanley? That concerns me more than MS continuing on its own...

Entry: Morgovia?

posted by DrederickTatum

Sep 17, 2008 5:13PM

So which is worse; merging with Wachovia or Bankruptcy?

Entry: Morgovia?

posted by DrederickTatum

Sep 17, 2008 5:38PM

@cluzo - You've answered you're own question:

Re-read your quote with an emphasis on "not necessarily" and "may bring their own complications."

Plenty of wiggle room there - Especially when you consider that Kelleher has a congruent duty to extract the most value from MS should negotiations for a merger occur. Any decent lawyer will show that MS was working towards negotiating leverage in case a deal that "doesn't bring complications" arises.

Entry: Greg Boester Straw That Broke JPMorgan's Back, Caused Bank To Stop Trading With Citadel

posted by DrederickTatum

Sep 18, 2008 1:29PM

It seems like there has been animosity here before...Didn't Amaranth sue JPM for allegedly interfering with potentially more profitable Citadel bailout of Amaranth? (I think JPM and Citadel jointly wound up holding Amaranth...).

I like Ken Griffin. The fact that he's poaching from JPM makes a lot of sense - If I were a hedge fund titan, JPM would be on the short list of place's I'd go*. In fact, its almost a compliment.

*Admittedly, I know nothing about Greg Boester.

Entry: Greg Boester Straw That Broke JPMorgan's Back, Caused Bank To Stop Trading With Citadel

posted by DrederickTatum

Sep 18, 2008 1:37PM

It's also possible that these JPM executives have been to Chicago, seen it, and decided to have nothing to do with New York ever again.

It's called the "Ferris Bueller effect." Working for Ken Griffin is just a bonus.

Entry: People Moves

posted by DrederickTatum

Sep 18, 2008 4:58PM

Carney,

Good luck... I'll be reading over there now also.

Can you change the Clusterstock's format? There's too much going on and it's annoying to look at..

Entry: Midday Market Update: Biggest Winners

posted by DrederickTatum

Sep 19, 2008 12:23PM

Ban the Longs! This kind of market run-up precipitates bubbles!

/sarcasm

Christopher Cox... complete moron.

Entry: What Goes Up, Must Not Come Down: Short Sale Rule Discussion

posted by DrederickTatum

Sep 19, 2008 12:53PM

@3 - That's fine... but creative destruction will rear its head.

Banning short-sales prevents huge 401k managers (who hold everyday America's money) from hedging counterparty risk. If the fundamentals at a brokerage truly are bad, and it collapses, the systemic risk will be enormous in the absence of short positions.

Entry: This Is What We're Talking About!

posted by DrederickTatum

Oct 01, 2008 11:22AM

@1 - Want to like it... but the format is really distracting.

There's something to be said for simple, easy-to-read format. Carney's there, so I'll read it... But I hope they do something about the site design.

Entry: This Is What We're Talking About!

posted by DrederickTatum

Oct 01, 2008 11:27AM

BTW - I now respect Einhorn more than anyone on wall street. He might be the only pure capitalist left in New York.

David, if you're reading this, please hire me.

Entry: This Is Dead Serious

posted by DrederickTatum

Oct 01, 2008 1:00PM

HBS Finance Club's motto - "We went to the wrong school"

If you're smart enough to get into Harvard, you should have been smart enough to you'd be better off at that Wharton, MIT, and Chicago for finance.

HBS is a country club.

Entry: Annoying The British: A Practitioner's Guide

posted by DrederickTatum

Oct 02, 2008 12:36PM

Well played Equity Private... well played.

Entry: Wachargo It Is!

posted by DrederickTatum

Oct 03, 2008 8:16AM

This looks like a Pennzoil v. Texaco situation to me...

Its still the largest jury verdict in U.S. History.

Entry: PASSED: 263 v 171

posted by DrederickTatum

Oct 03, 2008 1:31PM

woo hoo... government wasting billions on a plan that won't work.

Great.

Entry: Just Putting It Out There

posted by DrederickTatum

Oct 06, 2008 3:58PM

4 curbs are gone - They weren't doing anything anyway.

BTW, shutting down trading is the worst thing a market can do. Without a pricing mechanism, owners have no idea what their securities are worth.

That's when real panic starts - They should dump the rules on shutting down markets. Its counter-productive.

Entry: The Beard Drops The "U" Word

posted by DrederickTatum

Oct 07, 2008 2:14PM

75 basis points - Thursday morning 8:30a.m.

Entry: You Know Gary Busey Is My Pick

posted by DrederickTatum

Oct 07, 2008 3:03PM

On a completely unrelated note, how can Art Cashin get up every morning and talk about "testing the lows" each and every day?!

It must be the only thing he knows about trading in 42 years. Every single day he's talking about getting a good downward push early and beat out the market low for the crisis. Seriously, why is he even on Squawk Box? Get a tape recorder and run the same track every morning.

Memo to Art: I don't care how old you are - This crisis is unlike anything you've ever seen. History is a poor model for forecasting this situation. You've called for the market to "test the low" every day since August of 2007.

Entry: Business School Looking Better And Better Every Day

posted by DrederickTatum

Oct 23, 2008 11:55AM

@37 - I agree. I've said many times here at Dealbreaker: There are only three real business schools: Wharton, MIT and Chicago. (alright maybe stanford too). Everything else is a country club (especially HBS).

@53 - It's sad, but that is probably exactly what is happening.