Monday, May 05, 2008
Via kiwitobes, a network of Corporate America board seats:
Hat tip Paul
Saturday, May 03, 2008
Wednesday, April 02, 2008
A Limit to Nonsense
via The Week
Thursday, March 20, 2008
Mr. Swashbuckling Capitalist
via Washington Post
Wednesday, March 19, 2008
Is this the real price?
SING TO THE TUNE OF 'BOHEMIAN RHAPSODY' BY QUEEN
Is this the real price?
Is this just fantasy?
No escape from reality
Open your eyes
And look at your buys and see.
I'm now a poor boy (poor boy)
Because I bought it high, watched it blow
Rating high, value low
Any way the Fed goes
Doesn't really matter to me, to me
Mama - just killed my fund
Quoted CDO's instead
Pulled the trigger, now it's dead
Mama - I had just begun
These CDO's have blown it all away
Mama - oooh-hoo-ooo
I still wanna buy
I sometimes wish I'd never left Goldman at all.
I see a little silhouette of a Fed
Bernanke! Bernanke! Can you save the whole market?
Monolines and munis - very very frightening me!
Super senior, super senior
Super senior CDO - magnifico
I'm long of subprime, nobody loves me
He's long of subprime CDO fantasy
Spare the margin call you monstrous PB!
Easy come easy go, will you let me go?
Peloton! No - we will not let you go - let him go
Peloton! We will not let you go
let him go
Peloton! We will not let you go - let me go
Will not let you go
let me go (never) Never let you go - let me go Never let me go – ooo
No, no, no, no, no, no, no, -
Oh mama mia, mama mia, mama mia let me go S&P had the devil put aside
For me, for me, for me
So you think you can fund me and spit in my eye?
And then margin call me and leave me to die Oh PB - can't do this to me
Just gotta get out - just gotta get right outta here
Ooh yeah, ooh yeah
No price really matters
Nothing really matters - no price really matters to me
Any way the Fed goes.....
Penned by a Bear Stearns (BSC) guy.
Comedy Central on The Economy
The Daily Show on Bear Stearns:
Stephan Colbert on the Economy:
Aasif Mandvi reports on the Bear Stearns bailout while experiencing gravitational altitude correction:
I talked to guy about 300 feet ago . . .
Tuesday, March 18, 2008
Bear on eBay
Via my pal Kevin DePew, comes this amusing photoshop work:
click to bid!
Monday, March 17, 2008
Dude, that's cold:
Bear fire sale sparks rout
Wednesday, February 13, 2008
Shop til you drop?
Thursday, February 07, 2008
How The Stock Market Works
Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for $10 each. The villagers, seeing that there were many monkeys around, went out to the forest, and started catching them. The man bought thousands at $10 and as supply started to diminish, the villagers stopped their effort.
He further announced that he would now buy at $20. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms.
The offer increased to $25 each and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!
The man now announced that he would buy monkeys at $50! However, since he had to go to the city on some business, his assistant would now buy on behalf of him. In the absence of the man, the assistant told the villagers. "Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $35 and when the man returns from the city, you can sell them to him for $50 each."
The villagers rounded up with all their savings and bought all the monkeys. Then they never saw the man nor his assistant, only monkeys everywhere!
Now you have an understanding of how the stock market works.