Comments on: Bet He’s Bad In Bed, Too http://lolfed.com/2009/11/17/bet-hes-bad-in-bed-too/ Financial Humor, Political Jokes and LOLCats Sat, 28 Jan 2012 21:03:33 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Bourgeois Nerdhttp://lolfed.com/2009/11/17/bet-hes-bad-in-bed-too/#comment-4276 Bourgeois Nerd Wed, 18 Nov 2009 15:38:57 +0000 http://lolfed.com/?p=5081#comment-4276 You are evil, evil people. You are evil, evil people.

]]> By: Martin, the Netherlandshttp://lolfed.com/2009/11/17/bet-hes-bad-in-bed-too/#comment-4275 Martin, the Netherlands Wed, 18 Nov 2009 14:35:57 +0000 http://lolfed.com/?p=5081#comment-4275 A bank saying "I'd be quite willing to tear up this contract if I can help a friend, but I'm sorry, my regulator won't permit me"? And nobody in the NY Fed bothering to call Paris and try to make them change their mind? Lovely. Mind you, SocGen was still trying to explain to everybody (shareholders, regulators, journalists) how a single trader could burn a billion-euro-sized hole in their company without anybody noticing. A bank saying “I’d be quite willing to tear up this contract if I can help a friend, but I’m sorry, my regulator won’t permit me”? And nobody in the NY Fed bothering to call Paris and try to make them change their mind? Lovely. Mind you, SocGen was still trying to explain to everybody (shareholders, regulators, journalists) how a single trader could burn a billion-euro-sized hole in their company without anybody noticing.

]]> By: Jasonhttp://lolfed.com/2009/11/17/bet-hes-bad-in-bed-too/#comment-4274 Jason Wed, 18 Nov 2009 14:17:47 +0000 http://lolfed.com/?p=5081#comment-4274 Who has time for nuance? I need to get to the crossdressing jokes with a quickness. Who has time for nuance? I need to get to the crossdressing jokes with a quickness.

]]> By: Gobushttp://lolfed.com/2009/11/17/bet-hes-bad-in-bed-too/#comment-4273 Gobus Wed, 18 Nov 2009 05:49:14 +0000 http://lolfed.com/?p=5081#comment-4273 DAMN FRENCH! DAMN FRENCH!

]]> By: Andyhttp://lolfed.com/2009/11/17/bet-hes-bad-in-bed-too/#comment-4272 Andy Wed, 18 Nov 2009 01:05:08 +0000 http://lolfed.com/?p=5081#comment-4272 I think you're missing some nuances. The story is better told here: http://meganmcardle.theatlantic.com/archives/2009/11/watchdog_geithner_tried_to_neg.php UBS's offer was conditioned on the other counterparties' agreeing to a similar haircut, and some of the other counterparties were prohibited by French law from accepting a haircut unless AIG declared bankruptcy. I'm not defending Geithner generally, but you can't lay this one at his door. He had zero leverage. I think you’re missing some nuances. The story is better told here:

http://meganmcardle.theatlantic.com/archives/2009/11/watchdog_geithner_tried_to_neg.php

UBS’s offer was conditioned on the other counterparties’ agreeing to a similar haircut, and some of the other counterparties were prohibited by French law from accepting a haircut unless AIG declared bankruptcy.

I’m not defending Geithner generally, but you can’t lay this one at his door. He had zero leverage.

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