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June 23, 2008

Comments

Rubicon Partner #2

what were we talking about?

red

The only problem is most of us have developed a serious case of A.D.D. working in this business. I wouldn't last 5 minutes in law school

Rubicon Partner #2

good point omega - we should all quit our jobs and go to law school, there is going to be a major hiring of lawyers with financial markets experience...

Rubicon Partner #2

Okay, but on a serious note there is a reason for all the BS, time. Every day you can buy yourself time is 1 more day you can attempt to make money and dig yourself out of this hole. Now, it is easy to see how banks can dig themselves out of this hole, super steep curve, super easy money, but the brokerage houses are another story. If you are these guys you are in deep doo doo, especially when you are still too busy playing defense. Why doesn't it surprise me that Goldman is the only guy out there actually playing offense right now? Is the entire world just filled with bad herd investors?? When risk is expensive everyone wants it, when it's cheap all these chicken shits run the other way. I guess the one way they can make money is to underwrite a bunch of these recaps...including their own?

seeking omega

what I think Rubicon is the freaking "community" hasn't even figured out who owes what to who! Over the next 2 years we are going to find every screwup that could ever possibly be committed in a legal document. The lawyers made a pile going in and they are gonna make even more going out!

Rubicon

Yeah, the financial community has already taken all the reserves for this mess...GULP! Do you think Crittenden maybe got a heads up on the A2 rating before he announced (cant quote verbatim but i read it like) "oh yeah we are still effed, and bleeding cash out the rear but we are nearer the end of this crisis......anyone interested in a 10BB 9.75% preferred?"

seeking omega

That's good ten! most of us have had our nuts chopped off the last year, may have to borrow.

10bagger

hey omega they call me 10 bagger because I have 7 nuts left to lend to the testically challenged

AntiLemming

Carlin would have had a field day with this whole monoline-ratings agency-CDO tomfoolery. The epitome of bullshit! "The nine letters you can't say in a fiduciary capacity: AMBACMBIA."

seeking omega

Good one ten-bagger...hey why do they call you that?

10bagger

Carlin woulda destroyed Goldman. They are the pinnacle of douchedom

10bagger

You could also divide those up into the borrower, The street and the investor

red

Jesus...is the hit going to be that much? What about Goldman coming out today reversing their overweight on the financials. Thanks guys!

seeking omega

There's a great Carlin where he essentially divides the world up into people who "are fucking stupid", people who are "full of shit" and people who are "fucking nuts"! He says Dan Quayle was all 3!

10bagger

"Rat shit, bat shit, dirty old twat. Sixty-nine assholes tied in a knot. Hurray. Lizard shit. Fuck!" - George Carlin

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