Dealbreaker

posted by Tau

Oct 28, 2008 10:01AM

Psh, this is nothing. The IMF is only giving Iceland 2 sticks. Ukraine's sucking on the pipe for 17 and Pakistan's another 15 - that's where the most awesomest parties are going to be

Entry: WSJ: Despite Best Efforts, Financial Failure Still Not Criminal

posted by Tau

Oct 28, 2008 10:19AM

Retribution?

Hogwash - the average American needs to realize that many of these 'high-powered' executives lost 95% of their net worth in this debacle (with that number growing by the day). I fail to understand how that is not punishment enough. Granted, this was self-induced pain To An Extent - they flew too high on mortgage-backed wings and the market b*tch-slapped them back to earth. That's the double-down beauty of equity ownership in the companies you work for - you f*ck up - hello poor house. Nobody should be able to say with a straight face that Jimmy Cayne or Dick Fuld were single-handedly (or double-fistedly) responsible for our little economic hiccup.

Entry: WSJ: Despite Best Efforts, Financial Failure Still Not Criminal

posted by Tau

Oct 28, 2008 10:43AM

@13:

Fuld's equity stake (incl. options) in LEH was worth $1.2 billion back in the heyday. What's that worth today? Doughnut. If he was a smart man, which I'm sure he was, he was socking away for the day he would get punched in the face. But you try losing an integer off the front of your stash. Dude got eff'd in the A. 95 might be aggressive but it's ballpark.

@15:

They banked that much because the firms were hemorrhaging money. I agree that it is a notable failure of the finance compensation system that professionals are paid when they make money but are not, in turn, required to give money back when they lose money - but how is that different from any other circumstance of employment in existence? It is just that much more notable because of the sheer magnitude of cash being thrown around. Is it wrong? Maybe. Should it be changed? Hell no - at least not until I retire.

Entry: Let's Wildly Speculate About Stuff

posted by Tau

Oct 28, 2008 11:06AM

GS is to Citadel as Lehman is to Bear?

Entry: WSJ: Despite Best Efforts, Financial Failure Still Not Criminal

posted by Tau

Oct 28, 2008 11:59AM

@21:

Have we forgotten that employment is an implied, risk-bearing trade, not a right?

Are employees satisfied with being lemmings when times are good but equally happy to heap blame on higher-ups when times go to sh*t? It was the hundreds of thousands of 'stupid' decisions made by lower-rung employees that created our current predicament. The failure of these executives lay in their inability to fix them.

Entry: WSJ: Despite Best Efforts, Financial Failure Still Not Criminal

posted by Tau

Oct 28, 2008 1:04PM

@23:

I refer to the help by their first names. Only the proletariat think they're referred to as 'butlers'

@24:

I appreciate the offer but we have a guy who comes by the office. His name is Felipe

Entry: Let's Wildly Speculate About Stuff

posted by Tau

Oct 28, 2008 1:14PM

@47:

Question for you baller - how is it that you even know what Bensonhurst is? I had to google the damn place only to find that it was located out in the sticks in a region called "Brooklyn"

Please explain, thanks

And Starbucks? Really? Enjoy slurping down that mid-tier slush. If you spill, please use your Brooks Brothers 'tie' to clean up. Thanks again

Entry: Let's Wildly Speculate About Stuff

posted by Tau

Oct 28, 2008 1:30PM

@56:

So...you've lived in Bensonhurst your entire life you say, therefore you are familiar with the surroundings? Fair enough, I suppose that answers my first question. I suppose that also explains why you would confuse Manhattan with this 'Des Moines' you've referenced

Oh, and by the by...

Statement A: "Anyone who uses the term "baller" is a giant tool and a guaranteed b office chooch"

Statement B: "what firm do you settle trades for baller?"

I believe that would make you a "giant tool and a guaranteed b office chooch", please let me know if you are at all confused by the logic

Entry: Let's Wildly Speculate About Stuff

posted by Tau

Oct 28, 2008 1:44PM

@65:

Yeah man, we suck for posting on dealbreaker. Man, people who post on dealbreaker are such chooches and asswipes. Look forward to your response post

@66:

Satire

Entry: Let's Wildly Speculate About Stuff

posted by Tau

Oct 28, 2008 2:13PM

@72:

I'm sure "Mom" was very impressed by the B-average you rocked at Baruch but that doesn't mean you should go around questioning anyone else's reading comprehension. When a retard puts pen to paper and people can't understand what he wrote, all that means is you've got a retard on your hands who can't write for sh*t

@74:

You should tell your MD to get on the phone and pitch me some better ideas! I'm getting sleepy scanning all these terrible CIMs. If his office is cleaned out - well I think 72 might have some work for you

Entry: Let's Wildly Speculate About Stuff

posted by Tau

Oct 28, 2008 4:01PM

Man, someone's upset about their 30K

Entry: Layoffs Watch: B of A

posted by Tau

Oct 29, 2008 2:12PM

@118:

Natch

Entry: Layoffs Watch '08: HSBC Takes Page From Goldman's Play(a) Book

posted by Tau

Nov 05, 2008 3:49PM