Anybody on this site who is directly involved in the credit markets will confirm that things are far worse than the average person knows. Being...
Because it wouldn't make a damn bit of difference - the Fed can say the target rate is blahblahblah, but if no one is willing to lend to each...
Wow, they just set the bar for other firms that hold Lehman debt due to the fact that the fund just wrote all of its Lehman cp and mtn holdings...
Bingo! The Fed told the Street "you're gonna do this cuz we said so", and voila, LCTM's balance sheet was divied up and unwound under the...
And there you go, several firms coming together because they were commanded to by the powers that be - like you couldn't see that coming.
Anybody who works on the Street would tell you, off the record, that no one would touch a failing IB/BD unless they were persuaded/commanded to by...
Nice post, spoken like someone actually in the biz...there are, believe it or not, a few left on this site:p
This has become a very real problem in the media....so much for unbiased objective reporting.
Precisely stated!!!
This has been going on for decades in America....do you honestly think John Q. Public will do anything to change it?
I do believe Aaron was being sarcastic - something that doesn't translate well on ET :p
Question - what would it take in this country for the citizens of the U.S. to exercise their Constitutional right to literally wipe the slate...
While the Senate Banking Committee is rounding up a posse with ropes in hand to go lynch Bernanke and Paulson for the Fannie and Freddie...
I knew I remembered that handle! Nice to see you actively posting again:cool:
Are you the same AMT4SWA poster that had a scorching record of day trading several round turns in ES futures per day?
Let's see.....permabear who has never made money in his career for his investors....is now barely up and claiming victory and a future windfall...
Nutmeg, I can identify with the rebirth of a downtown. I just moved to a city in the middle stages of reinventing itself. Over a billion dollars...
Anybody trading that is based out of or near Kansas City MO?
These kids nowadays, no one wants to work for anything, they all want the easy way out and everything handed to them:p :p :p
The reason why there is a high failure rate is because people don't adequately prepare for it. Its not difficult, but you have to put in the time...
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