Some people would tag this “fail,” but I’m going to go ahead and tag it “win”. For most people, if they get too drunk, they’ll wake up with the occasional random bruise, lost credit card, unattractive person in their bed, or something else mundane and regrettable. This dude though – he burned through $520 mil [...]
Entries from June 30th, 2010
Most Drunks Are Talking About An Entirely Different Crack Spread
June 30th, 2010 · 1 Comment · markets, win
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Thursday Linkstravaganza
June 24th, 2010 · No Comments · links
- Hugh Hendry calls George Soros a socialist, mutters something additional about moats – Econ Gangs of New York – Canada, financial envy of all? – Club Madoff. – How to run your family like a corporation (h/t WallStreetFighter) – Corrupt lobbyist ahoy: Ex-con Jack Abramoff now rolling in dough. Pizza dough. – Finally, I [...]
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Lloyd Blankfein, Coming Soon To Kiss Babies Near You
June 23rd, 2010 · 2 Comments · goldman sachs
Quickie from WSJ Heard on the Street. Lloyd Blankfein’s looking for PR opps: Time for Lloyd Blankfein to surf Oprah’s sofa? Fiona Laffan, Goldman’s media-relations chief in Europe, Middle East and Africa, told a communications-industry event in London that the bank is considering a corporate-branding campaign to improve its battered reputation. Part of the thinking, [...]
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All About The Benjamin, And The Yuan
June 23rd, 2010 · No Comments · bernanke
It’s hard to call this place LOLFed without posting about the Fed on occasion, so here is your Perfunctory Fed Meeting Post! Assuredly, today’s denouement of their two-day meeting will result in the following excitement: Cautious optimism Key lending rates close to ZIRP A pledge to keep the aforementioned lending rates there for an “extended [...]
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Some Things Are Baffling. CDOs, For Example. And Magnets.
June 21st, 2010 · 4 Comments · fail
Sure, over the last few years, there were a lot of convoluted and confusing things going on in the world of investments, most of which had acronyms associated with them, like MBS and CDO and whatnot. We – like most people who weren’t in the business of bundling mortgages and slicing them into tranches and [...]
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