Glad you included a picture of W. That thieving, lying SOB is pretty much skating by thru all of this which is pretty incredible. But then that's our 'liberal' media for ya!
Subject: appreciate what you do, thx, what do you think that GS is the root of most of our problems
Joe, Not to be a complete conspiracy theorist but the facts are the facts.= GS and Pimco buy significant amount of CDS on Lehman gaining more than a= $1 on a $1 worth of assets, less competition for GS, and make money at sam= e time. Save AIG b/c GS has too much on the line from the same CDS. Why i= sthe possibility of the suspension of Mark to Mark Accounting finally seem = to be happening? If you ask Issac, Seidman or McTear who have been asking = for this for a year, who had the most to gain from leaving it the way it wa= s GS. Their positions both long and short have benefited from this. Paul= son help arrange many of the CDS when he headed GS. I know you don't care = for the uptick rule to be reinstated, but people who generally short the ma= rket can make things happen a lot faster when you don't wait for an uptick.= MS was almost taken down back in November with all the short sales. Gene= rally , people who make their living on the short side clearly benefit from= no uptick rule (GS again!) I read your links with great interest and some= suggest GS is guilty. It's kind of like those scums at Pimco who made 1.7= for every $1 they invested in Lehman as the CDS's dont fall under the bank= rupcy code. Now they are one of the beneficiaries of running this TALF or = TARP program and will be able to make billions at the taxpayers expense. P= IMCO is constantly talking up their positions indirectly by advising the Go= vn't to essentially bail out the positions that they own. I don't know. I= t's been a long day. I just wanted to thank you for your site and your wor= k. I wish I started following it a year or 2 ago. Just wanted to send you= my thoughts b/c I think you could take the facts and write them more succinkly= .. BTW, please send a note to Todd Stot and ask him whether it was hi= s Great Grandmother or Grandmother 's house that I passed everyday walking = to Ridge School in ridgewood when his dad was pitching for the Yanks.
Glad you included a picture of W. That thieving, lying SOB is pretty much skating by thru all of this which is pretty incredible. But then that's our 'liberal' media for ya!
ReplyDeleteSubject: appreciate what you do, thx, what do you think that GS is the root
ReplyDeleteof most of our problems
Joe, Not to be a complete conspiracy theorist but the facts are the facts.=
GS and Pimco buy significant amount of CDS on Lehman gaining more than a=
$1 on a $1 worth of assets, less competition for GS, and make money at sam=
e time. Save AIG b/c GS has too much on the line from the same CDS. Why i=
sthe possibility of the suspension of Mark to Mark Accounting finally seem =
to be happening? If you ask Issac, Seidman or McTear who have been asking =
for this for a year, who had the most to gain from leaving it the way it wa=
s GS. Their positions both long and short have benefited from this. Paul=
son help arrange many of the CDS when he headed GS. I know you don't care =
for the uptick rule to be reinstated, but people who generally short the ma=
rket can make things happen a lot faster when you don't wait for an uptick.=
MS was almost taken down back in November with all the short sales. Gene=
rally , people who make their living on the short side clearly benefit from=
no uptick rule (GS again!) I read your links with great interest and some=
suggest GS is guilty. It's kind of like those scums at Pimco who made 1.7=
for every $1 they invested in Lehman as the CDS's dont fall under the bank=
rupcy code. Now they are one of the beneficiaries of running this TALF or =
TARP program and will be able to make billions at the taxpayers expense. P=
IMCO is constantly talking up their positions indirectly by advising the Go=
vn't to essentially bail out the positions that they own. I don't know. I=
t's been a long day. I just wanted to thank you for your site and your wor=
k. I wish I started following it a year or 2 ago. Just wanted to send you=
my thoughts b/c I think you could take the facts and write them more succinkly=
.. BTW, please send a note to Todd Stot and ask him whether it was hi=
s Great Grandmother or Grandmother 's house that I passed everyday walking =
to Ridge School in ridgewood when his dad was pitching for the Yanks.