I would love a glass of champagne now tbh
― Anakin Ska Walker (AKA Skarth Vader) (Alfred, Lord Sotosyn), Tuesday, 27 September 2011 00:34 (twelve years ago) link
Pay a liberal arts grad to bring you one
― can men eat harmony? (admrl), Tuesday, 27 September 2011 00:36 (twelve years ago) link
I wish they would drive through the crowd in Bentleys shouting "Pardon me, but if you'd be so kind as to step aside, I've an appointment with the president of the federal reserve. Oh, and do you have any grey poupon?"
― Disraeli Geirs (Hurting 2), Tuesday, 27 September 2011 02:50 (twelve years ago) link
http://nymag.com/daily/intel/2011/09/goldman_sachs_has_reduced_its.html
lmao, these guys,
― iatee, Tuesday, 27 September 2011 15:59 (twelve years ago) link
Oh, and do you have any grey poupon?"
As if they'd ever touch that vulgar stuff!
― What does one wear to a summery execution? Linen? (Michael White), Tuesday, 27 September 2011 16:05 (twelve years ago) link
It has also gone mostly cashless in the cafeteria and other areas, eliminating the need to pay armored truck companies to haul away the money.
― dayo, Tuesday, 27 September 2011 16:07 (twelve years ago) link
fwiw this seems like an appropriate thread for our friend Alessio Rastani if u guys haven't seen him yet
https://www.youtube.com/watch?v=aC19fEqR5bA
― thank you BIG HOOS, you brilliant god-man (BIG HOOS aka the steendriver), Tuesday, 27 September 2011 16:10 (twelve years ago) link
feel like goldman sachs should mandate an iv drip and colostomy bag so that traders never have to leave their desks
― dayo, Tuesday, 27 September 2011 16:11 (twelve years ago) link
There's some talk that that guy's a Yes Men-style satirist, but it's too hard to tell anymore.
Perrin takes note of the sneering at Wall St Occupiers:
The Times and others of their class despise democracy. Demonstrations count only in official enemy states. At home, it's unnecessary. Petulant. Naive.
How serious can these kids really be? They use laptops and iPhones to communicate and spread their message. If they were truly radical, they'd use cardboard megaphones. Hand signs. Smoke signals. Using The Man's technology is hypocritical.
http://dennisperrin.blogspot.com/2011/09/time-never-tells.html
For you fans in D.C.: he's moving there!
― incredibly middlebrow (Dr Morbius), Tuesday, 27 September 2011 19:05 (twelve years ago) link
If Rastani is a satirist, he's built up a somewhat convincing web presence for his stock trading stuff (although I wouldn't put it past the Yes Men or other satirists to do that). Even if he's not though, who is he, exactly? Some trader? Being a trader doesn't make you privvy to any special or secret information, and a lot of traders are idiots. He might be right, he might be wrong, but why was he being interviewed exactly?
― Disraeli Geirs (Hurting 2), Tuesday, 27 September 2011 20:38 (twelve years ago) link
nah yeah rastani seems like the real thing
― thank you BIG HOOS, you brilliant god-man (BIG HOOS aka the steendriver), Tuesday, 27 September 2011 20:40 (twelve years ago) link
the telegraph has got to the heart of it: he's not a hoaxer, but he's kind of a fake:
http://www.telegraph.co.uk/finance/economics/8792829/BBC-financial-expert-Alessio-Rastani-Im-an-attention-seeker-not-a-trader.html
― joe, Tuesday, 27 September 2011 20:44 (twelve years ago) link
it's definitely a variation on poe's law
― dayo, Tuesday, 27 September 2011 20:44 (twelve years ago) link
but I mean if you have ever read a book chronicling the lives of wall street traders (and yes, even w/ the bias), you'll know why he passes the sniff test; he's just parroting what every trader out there is thinking atm.
― dayo, Tuesday, 27 September 2011 20:46 (twelve years ago) link
dude isn't really helping the cause imho
― unorthodox economic revenge (Shakey Mo Collier), Tuesday, 27 September 2011 20:50 (twelve years ago) link
I mean as far as I can tell from what I'm reading, I could just as easily call myself a "trader" in the sense he means it, i.e. someone who sits in his underwear and buys and sells stocks from time to time.
― Disraeli Geirs (Hurting 2), Tuesday, 27 September 2011 20:50 (twelve years ago) link
boy, that video is a hit in lib blogs today.
― Anakin Ska Walker (AKA Skarth Vader) (Alfred, Lord Sotosyn), Tuesday, 27 September 2011 20:50 (twelve years ago) link
does that surprise you
― uhhhhhh (admrl), Tuesday, 27 September 2011 20:53 (twelve years ago) link
Not a bit.
― Anakin Ska Walker (AKA Skarth Vader) (Alfred, Lord Sotosyn), Tuesday, 27 September 2011 20:56 (twelve years ago) link
ok now i'm puzzled by this guy
― thank you BIG HOOS, you brilliant god-man (BIG HOOS aka the steendriver), Tuesday, 27 September 2011 20:56 (twelve years ago) link
i guess he got what he wanted?
lol
https://www.youtube.com/watch?v=LiWlvBro9eI&feature=player_embedded#!
― uhhhhhh (admrl), Tuesday, 27 September 2011 20:59 (twelve years ago) link
not him tho
― thank you BIG HOOS, you brilliant god-man (BIG HOOS aka the steendriver), Tuesday, 27 September 2011 21:00 (twelve years ago) link
really
― uhhhhhh (admrl), Tuesday, 27 September 2011 21:01 (twelve years ago) link
Yes Men are smarter than this guy imo
― unorthodox economic revenge (Shakey Mo Collier), Tuesday, 27 September 2011 21:04 (twelve years ago) link
if they pulled a stunt, it would be funny for one thing
uh huh, ok
― uhhhhhh (admrl), Tuesday, 27 September 2011 21:04 (twelve years ago) link
not quite goin that far, but no, i mean--are you looking at these two dudes? this dude is not that dude.
― thank you BIG HOOS, you brilliant god-man (BIG HOOS aka the steendriver), Tuesday, 27 September 2011 21:05 (twelve years ago) link
They both have bushy eyebrows, crooked nose, funny accent. I smell a rat
― uhhhhhh (admrl), Tuesday, 27 September 2011 21:06 (twelve years ago) link
was already talkin about him in the other thread
― thank you BIG HOOS, you brilliant god-man (BIG HOOS aka the steendriver), Tuesday, 27 September 2011 21:06 (twelve years ago) link
http://observers.france24.com/content/20101006-iran-youth-flirting-tehran-cars-traffic-jam-boys-girls-iran-zamin
Alessio Rastani, 33, is a London stock market trader of Italo-Iranian origin. He regularly visits his relatives in Tehran.
06/10/2010
he also has myspace and twitter accounts dating back more than a year
― thank you BIG HOOS, you brilliant god-man (BIG HOOS aka the steendriver), Tuesday, 27 September 2011 21:07 (twelve years ago) link
trust me dude, my experience with cloverfield has made me way too good at this shit
Wow the Yes Men are so good at this, aren't they? You have to hand it to them.
― uhhhhhh (admrl), Tuesday, 27 September 2011 21:08 (twelve years ago) link
l8r
― thank you BIG HOOS, you brilliant god-man (BIG HOOS aka the steendriver), Tuesday, 27 September 2011 21:08 (twelve years ago) link
You are a Yes Man, what do I win
― uhhhhhh (admrl), Tuesday, 27 September 2011 21:09 (twelve years ago) link
Alessio Rastani = Sales ratio ANSI
makes u think
― uhhhhhh (admrl), Tuesday, 27 September 2011 21:17 (twelve years ago) link
hmm yes
― thank you BIG HOOS, you brilliant god-man (BIG HOOS aka the steendriver), Tuesday, 27 September 2011 21:27 (twelve years ago) link
oh hey our boy
oh hey
http://www.leadingtrader.com/09/alessio-rastani-a-big-thank-you-from-alessio/
― thank you BIG HOOS, you brilliant god-man (BIG HOOS aka the steendriver), Friday, 30 September 2011 14:50 (twelve years ago) link
http://www.nytimes.com/2011/10/01/nyregion/wall-street-occupiers-protesting-till-whenever.html?pagewanted=all
the perpetual snark the times levels at the protestors is kind of obnoxious
― dayo, Saturday, 1 October 2011 12:58 (twelve years ago) link
I dunno it's a little patronizing but fairly accurate when describing the mood. I find that 'hero' dude obnoxious.
― iatee, Saturday, 1 October 2011 13:23 (twelve years ago) link
http://www.nakedcapitalism.com/2011/09/matt-stoller-occupywallstreet-is-a-church-of-dissent-not-a-protest.html
this is good
― iatee, Sunday, 2 October 2011 02:47 (twelve years ago) link
hate stoller on twitter but look fwd to readin this
― thank you BIG HOOS, you brilliant god-man (BIG HOOS aka the steendriver), Sunday, 2 October 2011 04:12 (twelve years ago) link
glowing profile of eric schneiderman, the new york AG who opposed the $20 billion hush money settlement for the banks
http://www.nytimes.com/2011/10/02/nyregion/for-eric-schneiderman-new-york-attorney-general-some-notice.html?_r=1&pagewanted=all
― dayo, Sunday, 2 October 2011 11:50 (twelve years ago) link
http://www.nytimes.com/2011/10/23/business/dexias-collapse-in-europe-points-to-global-risks.html
cool another bank gets bailed out because they made bad bets
― dayo, Sunday, 23 October 2011 12:55 (twelve years ago) link
Whole article worth reading, final page in particular
http://www.nytimes.com/2011/10/23/magazine/dont-blink-the-hazards-of-confidence.html?pagewanted=4&src=recg#
― Milton Parker, Sunday, 23 October 2011 16:13 (twelve years ago) link
Soul searching
In an abstract sense, we know what roles financial institutions fulfil. In particular, (i) financial institutions avoid duplication both when monitoring loans and collecting information, (ii) they help to smooth consumption, and (iii) they provide liquidity.6 There are many enjoyable descriptions of some activities enacted in the financial sector that seem hard to reconcile with the laudable tasks thought of by economists. Moreover, knowing what the tasks of the financial sector are in theory does not tell us whether those tasks are fulfilled efficiently and at the right price. Nor does it tell us why the income earned by the financial sector has increased so much. As pointed out by Philippon (2008), in the 1960s outstanding economic growth was achieved with a small financial sector. Has it become more difficult to obtain information so that we now need to allocate more resources to the financial sector?
final paragraph does not go far enough, but it is still remarkable to see it published from this corner
http://www.businessinsider.com/why-do-we-need-a-financial-sector-2011-10
― Milton Parker, Wednesday, 26 October 2011 20:36 (twelve years ago) link
Kevin Phillips, author of Nixon's Southern Strategy and hence of much of what ails the U.S., has in the past decade brought much attention to the "financialisation" of the U.S. economy and its parallels with the late stage of other global empires like Spain and Britain. It's worth searching for his shorter essays on the topic (search "Kevin Phillips financialisation") even if you aren't inclined to read his mea culpa trilogy about the colusion of financialization, resource scarcity, and the Americal Christian fundamentalist movement in bringing about the end of our era's empire.
I'd link them here, but this hotel's painfully slow wi-fi + the hassle of bbcode on an ipad are conspiring to make my posting a painful exercise.
― der dukatenscheisser (Sanpaku), Thursday, 27 October 2011 00:54 (twelve years ago) link
That would be "financialization" with a 'z'.
― der dukatenscheisser (Sanpaku), Thursday, 27 October 2011 01:00 (twelve years ago) link
http://dealbook.nytimes.com/2011/11/03/as-regulators-pressed-changes-corzine-pushed-back-and-won/
― ASPIE Rocky (dayo), Friday, 4 November 2011 10:51 (twelve years ago) link