Entry: Need My Payday Loan To Pay The Rent On My New Washer Dryer Set

posted by Suits

May 01, 2008 12:09PM

Every bank in this country is in the payday loan business. What do you think a $35 overdraft fee is?

Entry: The Riceman Cometh

posted by Suits

May 02, 2008 2:28PM

That picture was probably taken in the 70's so that particular cat is likely long dead.

Entry: Opening Bell: 5.13.08

posted by Suits

May 13, 2008 5:28PM

Did did someone seriously spell "Milwaukee" as "Milwake" and abbreviate Nebraska "NB"? Hope these aren't the same people accusing Obama of being light on foreign policy.

Entry: Nothing Can Bring This Man Down

posted by Suits

May 16, 2008 11:28AM

3 buttons is fine. Shannon Sharpe and his ilk wear 4 button suits, which are just atrocious.

Entry: Angelo Mozilo Deeply Offended That You're Offended

posted by Suits

May 21, 2008 6:42PM

Guest at 5:06:

You've got to set your google alert for "Angelo Mozillo" to do instant reports, instead of the summary report. Duh. Now no one's going to get your helpful information.

Entry: You Know It's A Slow Day When...

posted by Suits

May 23, 2008 12:12PM

I'm always amused by the debating about the various Manhattan "neighborhoods". The whole freaking island is 13 square miles. You're rarely more than 15 minute cab ride away from anything.

Entry: Weird, Useless And Dangerous Shareholder Proposals On Universal Health Care

posted by Suits

May 27, 2008 12:15PM

11:28

His point was that any speculator who is long on expiry will have to sell that day (or take delivery), and this should create downward pressure on prices. I don't know a lot about rolling contracts, but his point does seem to have some merit.

The others tried to say the specs are just crossing with other specs, but Santelli failed to point out if specs are long and short in roughly equal sizes, there's no reason to believe their actions will cause a bubble in prices.

Entry: Business Class Only Airline Grounded

posted by Suits

May 30, 2008 11:02AM

IF MHL goes out of business, we've got a real problem.

Entry: Too Full To Fail?

posted by Suits

May 30, 2008 11:05AM

The Gallon Challenge is to drink a gallon of milk in an hour, not a day. I've seen many attempts, which nearly uniformly ended in vomit.

Can't we just go back to trying to eat 10 crackers in a minute?

Entry: Too Full To Fail?

posted by Suits

May 30, 2008 2:50PM

Come on people, this is finance. Enough with the vending machine crap. How many 48oz double porterhouses can you put down?

Entry: The CFA Approaches: Where's The After-Party?

posted by Suits

Jun 04, 2008 3:57PM

Although at some shops the title Chartered Fund Accountant is probably more appropriate, given the profile of the typical candidate.

Entry: Meet The Junk Bond Of Your Dreams Tonight

posted by Suits

Jun 05, 2008 4:40PM

This thing is missing the critical element of any pretentious snobby event - an outrageous upfront fee. Country clubs figured out years ago how to keep the poors out, why try and reinvent the wheel?

Entry: Have You Lost Money In The Stock Market?

posted by Suits

Jun 06, 2008 12:37PM

While I generally agree with onetwo's sentiments, you've got to remember that for many of the unwashed masses, "stocks" are considered risky, and they're unsure even of corporate bonds. It's CDs and treasuries all they way.

Entry: Top Obama Insider Tied To Countrywide, Ran Fannie Mae

posted by Suits

Jun 10, 2008 12:30PM

Do you think this insider goop has anything to do with Spitzer?

Entry: Another HF Manager Presumed Dead

posted by Suits

Jun 10, 2008 3:17PM

Burkina Faso? Disputed Zone?

Entry: Bonus Watch '08: JPMorgan London

posted by Suits

Jun 19, 2008 12:23PM

If we could just compare penises outright it would save us all a lot of time.

Entry: JPMBSPNC? Stearns Morgan Mutual? Bearpont Morgan Banc?

posted by Suits

Jun 26, 2008 11:38AM

USB had enough fun with banking while they owned PJC, management has no interest in LEH. I don't know why anyone would buy them at still close the 3x tbv.

Entry: Lehman's Hedge Fund Management Fund

posted by Suits

Jul 01, 2008 5:57PM

Something doesn't pass the sniff test. They want to raise $3B-$5B and invest in "up to 12" fund management co's, not the funds themselves (leave aside the fact that the majority of the proceeds would likely be reinvested in the funds).

$3B into 12 managers is $250M per manager. Assuming they buy 49% minority stakes, they need to find fund managers they can value at $500M or more. If we give them generous P/AUMs of 15%, they need to invest in managers which already have $3B under management. I suppose there are likely more of these firms than I realize, but the opportunity set seems rather small. More importantly, once a manager reaches that size, the opportunity for excess returns is much smaller.

Entry: The Stimulus Checks Are, Well, Stimulating Men Across America

posted by Suits

Jul 02, 2008 3:28PM

Now you're getting scooped by GasBag on bonus stories? Oh, how the mighty have fallen.