i just lost my job :D
― deej, Wednesday, 16 July 2008 19:38 (fifteen years ago) link
wait i mean http://www.best-of-web.com/_images/080509-131410-727007.jpg
― deej, Wednesday, 16 July 2008 19:39 (fifteen years ago) link
:O
― Jimmy The Mod Awaits The Return Of His Beloved, Wednesday, 16 July 2008 19:39 (fifteen years ago) link
btw did you guys see the bit about how 10% of china's GDP is in Fannie/Freddie bonds? scary foreign policy angle
― El Tomboto, Wednesday, 16 July 2008 19:39 (fifteen years ago) link
ha we'll curb the yellow menace yet
― goole, Wednesday, 16 July 2008 19:40 (fifteen years ago) link
(I assume most everybody on these threads reads barry ritholtz on the regular, which may be false)
― El Tomboto, Wednesday, 16 July 2008 19:40 (fifteen years ago) link
yes, it's false - what's the link pls
― mitya, Wednesday, 16 July 2008 19:54 (fifteen years ago) link
http://blogs.cfr.org/setser/2008/07/12/too-chinese-and-russian-to-fail/
lol I did not see this was from CFR
― El Tomboto, Wednesday, 16 July 2008 19:55 (fifteen years ago) link
Solution: stop wasting your money on the Internet and high-tech. Apparently.
― Ned Raggett, Wednesday, 16 July 2008 19:57 (fifteen years ago) link
wow that guy is dumb
― El Tomboto, Wednesday, 16 July 2008 20:01 (fifteen years ago) link
But it's Larry Magid!
(Whoever he is.)
― Ned Raggett, Wednesday, 16 July 2008 20:02 (fifteen years ago) link
am i totally amateurishly zmag wrong about this or what
this is my new .sig file
― Tracer Hand, Wednesday, 16 July 2008 23:39 (fifteen years ago) link
Deej, what kind of job did you lose?
ps that sucks
― Hurting 2, Wednesday, 16 July 2008 23:46 (fifteen years ago) link
deej sorry u lost yr job man!
― J0hn D., Wednesday, 16 July 2008 23:49 (fifteen years ago) link
i was working at a company that gets contracted to write learning materials for other companies
zzzzzzzzzzzzzzzzzzzzzz but it paid the bills
― deej, Wednesday, 16 July 2008 23:54 (fifteen years ago) link
btw if anyone wants to know how to sell insurance im your man it basically involves scaring the customer into spending more
sorry to hear the news, deej :-(
― Eisbaer, Thursday, 17 July 2008 01:38 (fifteen years ago) link
-- deej, Wednesday, July 16, 2008 7:54 PM (1 hour ago) Bookmark Link
I feel you on that - you're describing the job I did for the last four years and it's still hard for me to leave it to go back to school.
― Hurting 2, Thursday, 17 July 2008 01:39 (fifteen years ago) link
http://money.cnn.com/2008/07/17/news/companies/merrill_lynch/index.htm?postversion=2008071716
― HI DERE, Thursday, 17 July 2008 23:05 (fifteen years ago) link
frack
― mitya, Thursday, 17 July 2008 23:38 (fifteen years ago) link
I'm glad I keep all my krugerands in a safe under the bed
― Shakey Mo Collier, Thursday, 17 July 2008 23:39 (fifteen years ago) link
Bu-bye Citibanc!
― Oilyrags, Friday, 18 July 2008 15:57 (fifteen years ago) link
http://i2.cdn.turner.com/cnn/2008/images/08/01/t1home.unemplt.02.fri.gi.jpg
― Catsupppppppppppppp dude 茄蕃, Friday, 1 August 2008 14:26 (fifteen years ago) link
William Greider offers a provocative history of how we got into this mess, with plenty of blame to go around for Democrats and Republicans:
http://www.thenation.com/doc/20080818/greider
― o. nate, Friday, 1 August 2008 15:01 (fifteen years ago) link
<a href=http://money.cnn.com/2008/08/01/news/economy/jobs_july/index.htm?cnn=yes>Working Men are Pissed! The Non-Working ones, too, actually.</a>
― Oilyrags, Friday, 1 August 2008 15:36 (fifteen years ago) link
lol trolling realtor.com for sub-$1000 properties in your area is fucked up
― El Tomboto, Thursday, 14 August 2008 05:06 (fifteen years ago) link
http://www.realtor.com/search/listingdetail.aspx?ctid=72&mnp=2&mxp=2&typ=7&sid=c9a92f5e448d4fee801a0d089567be80&lid=1098352596&lsn=3&srcnt=15#Detail
― Kondratieff, Thursday, 14 August 2008 08:09 (fifteen years ago) link
commenters on bigpicture were talking about how for some properties, after paying tax debts associated w/ and fees etc. you're essentially purchasing a negative in real terms, nevermind fucking condominiums moving at "take my house... please" prices
― El Tomboto, Thursday, 14 August 2008 09:08 (fifteen years ago) link
I mean at least with a shithole SFH in a detroit suburb you get the deed to the land
― El Tomboto, Thursday, 14 August 2008 09:09 (fifteen years ago) link
the dollar's at 1.86 against the pound today although i think that's more down to the british economy tanking
― Tracer Hand, Thursday, 14 August 2008 10:17 (fifteen years ago) link
Foresight!
― Ned Raggett, Monday, 25 August 2008 14:23 (fifteen years ago) link
BIN LADEN DETERMINED TO ATTACK INSIDE US MORTGAGE INDUSTRY
― Pancakes Hackman, Monday, 25 August 2008 14:30 (fifteen years ago) link
http://www.youtube.com/watch?v=712kRqri2No
― El Tomboto, Wednesday, 27 August 2008 16:26 (fifteen years ago) link
http://online.wsj.com/article/SB122109238502221651.html?mod=hps_us_my_companies
haha oh dear
― caek, Thursday, 11 September 2008 15:16 (fifteen years ago) link
http://www.rgemonitor.com/roubini-monitor/253567/if_lehman_collapses_expect_a_run_on_all_of_the_other_broker_dealers_and_the_collapse_of_the_shadow_banking_system
It is now clear that we are again – as we were in mid- March at the time of the Bear Stearns collapse – an epsilon away from a generalized run on most of the shadow banking system, especially the other major independent broker dealers (Lehman, Merrill Lynch, Morgan Stanley, Goldman Sachs). If Lehman does not find a buyer over the weekend and the counterparties of Lehman withdraw their credit lines on Monday (as they all will in the absence of a deal) you will have not only a collapse of Lehman but also the beginning of a run on the other independent broker dealers (Merrill Lynch first but also in sequence Goldman Sachs and Morgan Stanley and possibly even those broker dealers that are part of a larger commercial bank, I.e. JP Morgan and Citigroup). Then this run would lead to a massive systemic meltdown of the financial system. That is the reason why the Fed has convened in emergency meetings the heads of all major Wall Street firms on Friday and again today to convince them not to pull the plug on Lehman and maintain their exposure to this distressed broker dealer.
― caek, Sunday, 14 September 2008 20:55 (fifteen years ago) link
Meanwhile, gas prices have jumped like $1.00 overnight in places like Knoxville. No idea what it is in portland, around the detroit suburbs it's 4.19/gal
― kingfish, Sunday, 14 September 2008 21:31 (fifteen years ago) link
Goldman and Morgan Stanley aren't nearly as compromised as Lehman is.
If the Fed was that worried about a run on commercial banks like JPM or Citi, they would have been writing a check this weekend like they did for Bear. Or maybe Paulson's just playing for a really slow liquidation.
― Dandy Don Weiner, Sunday, 14 September 2008 23:13 (fifteen years ago) link
so do I put my money in my mattress or not?
― Every Day Jimmy Mod Is Hustlin' (Jimmy The Mod Awaits The Return Of His Beloved), Sunday, 14 September 2008 23:16 (fifteen years ago) link
Oh, and Lehman is filing for bankruptcy tonight:
NYT:
"According to people briefed on the matter, Lehman Brothers will file for bankruptcy protection on Sunday night, in the largest failure of an investment bank since the collapse of Drexel Burnham Lambert 18 years ago."
― Dandy Don Weiner, Sunday, 14 September 2008 23:18 (fifteen years ago) link
I know at least ten people who work for Lehman in NY. Time to check their Facebook.
― Dandy Don Weiner, Sunday, 14 September 2008 23:19 (fifteen years ago) link
yes tell us of their 'status' updates
― other extremists (deej), Sunday, 14 September 2008 23:25 (fifteen years ago) link
yippee ki yay motherfuckers
― HOOS clique iphones fool get ya steen on (BIG HOOS aka the steendriver), Sunday, 14 September 2008 23:27 (fifteen years ago) link
yes, a lot of my oxford contemporaries went to lehman. having played football with this people, it's impossible not to enjoy this aspect of the shitbin scenario.
― caek, Sunday, 14 September 2008 23:30 (fifteen years ago) link
these people
Then this run would lead to a massive systemic meltdown of the financial system. That is the reason why the Fed has convened in emergency meetings the heads of all major Wall Street firms on Friday and again today to convince them not to pull the plug on Lehman and maintain their exposure to this distressed broker dealer.Yeh, so, oops.
― -- (stet), Monday, 15 September 2008 00:49 (fifteen years ago) link
The Times is also talking about Merrill Lynch & AIG... are they all gonna collapse?
― pterodactyl, Monday, 15 September 2008 00:56 (fifteen years ago) link
Merrill is already gone: merger with BoA
― -- (stet), Monday, 15 September 2008 01:03 (fifteen years ago) link
oh, it's a sale not a mergerhttp://online.wsj.com/article/SB122142278543033525.html
― -- (stet), Monday, 15 September 2008 01:10 (fifteen years ago) link
bad move by BoA. This is the same bunch that bought Countrywide!
AIG hasn't looked good for a long time.
There won't be a run or systemic collapse.
― Dandy Don Weiner, Monday, 15 September 2008 01:20 (fifteen years ago) link
― press ► (deej), Monday, 15 September 2008 02:25 (fifteen years ago) link