Jauronimo

I gave Blankfein a back rub...I mean hardwork and street smarts!!!

Theres even less stopping you from registering for the CFA program like meazza and I did. No MCATs to take, no school admissions board, just the nominal registration fee and understanding of the material. Finance is the ultimate meritocracy. No one cares where you came from. Can you make money?

Sadly, hes not alone. People describe hedge fund managers like Bond super villains operating out of volcano lairs fleecing the world with super computers powered by black magic. It would be nice if they at least leveled the right criticism against hedge funds with their algorithm based trading. Heres a good piece: http://blogs.wsj.com/moneybeat/2014/09/04/hfts-circus-market-and-a-dash-for-trash-fund-manager-lets-loose/ Meanwhile, the methods employed by the most famous and arguably most successful investor of all time, Buffet, are about as sexy as a xanax fueled, missionary position romp through a hole in the bed sheet.

Its pretty funny on many levels. Especially so when considering historical hedge fund fee adjusted performance. I'd say the only people being exploited by hedge funds are the super wealthy individuals paying 2 and 20.

What fund does he work for? Whats their general trading strategy?

I'm throwing in the towel. Everything I've written has been dismissed as nitpicking based on semantics and showing off. He makes no effort to educate himself. I'm now of the opinion that farmers are destroying the country because of GMOs, DDT, Monsanto, run off from Tyson chicken farms, illegal immigrant labor, sexual harassment suits at John Deer, ecoli breakouts, the depleted water table in the San Joaquin Valley, mad cow, and feed lots. Why didn't farmers recognize these issues and stop these things?

Which investment banks were originating mortgages again?

Ha, was thinking something similar: Q: Should it be played after FGs? A: Well, do you want to hear the song or not? If anything we might consider expanding Shout worthy events. Maybe play it after really good punts?

By what I've read here, I'm pretty sure some dude selling term life and annuities door-to-door is Wall Street too.

How in the world is Goldman going to stop you from running up your credit card debt and taking out a 3rd mortgage on your home? Not every business in the financial services game is "Wall Street". If you're really interested in learning about the housing bubble at least go read The Big Short and learn who the players were and their respective roles.

So he'll fit right in. He can sit the team down around the camp fire and regale them with tales of the postseason.

You should write an email to all the big institutions and educate them about concentration and the importance of diversification before our financial system collapses. The world needs to know!! At the very least, maybe these institutions could hedge their exposure to commodities somehow...but not with derivatives!! Those are evil.

If they aren't its because theres different levels of service and subscription or they're ordering custom reports from third parties like FactSet. Analyst reports are not altered based on the purchaser. You are wildly off base here again. The proprietary algorithms you're referencing have nothing to do with the research operation. The SEC doesn't govern or enforce anti trust laws. Anti trust inquiries are not government manipulation of capital markets. Your trepidation about playing Sirius XM merger arbitrage is again, wildly off base.

And I'm telling you that you don't know what information you're talking about. You keep referencing either material, non-public information (i.e., insider info) which is illegal to trade on or you're talking about analyst reports, which are written using information which is available to you. Trading floors are not a trove of inside information. That **** is kept secret if someone has it and certainly isn't published and disseminated. People who have no idea how investment decisions are made have tunnel vision on the speed of quotes as if thats driving what is being bought and sold when in actual practice, weeks of modeling, research and scrutiny using information which is largely available to you, is whats driving these decisions. Afterward its a matter of filling orders. You have access to SEC filings for free, at the same time as everyone else. Bloomberg, CapitalIQ and the fancy toys that the pros get to play with for a hefty per user fee, simply interface with these SEC filings. You can buy analyst reports, which again are written based on information available to the public, just as easily as any corporate client. You can have custom research performed by FactSet if you'd like. Please tell me some more about how its going down on the Street, though. It amuses me.

I'm going to ignore the fact that this post is entirely off topic and just let you know that you can access all public filings for free and take in earnings calls just like the big boys from your very own home. Firms cannot pay the SEC for insider information. The SEC is not a research firm.

www.youtube.com/watch?v=DTc--4jz0GQ

What do Asians eat?

Please elaborate.

Bailout is just more fun to say than forced liquidity measures. The Treasury and investors who bought 8 year warrants (LEAPs) associated with TARP have made a nice little return on this "bailout". My BAC class As tripled up until late last week and this week kicked my portfolio in the balls repeatedly. http://projects.propublica.org/bailout/

"They made it so confusing on purpose so that they could get away with murder!"

And Bruss who hired Wally who hired Merrone who was purchased by Pags, or El Paguela, as hes known in some circles, after the passing Rafff.

I already explained which types of derivatives I don't think banks should have access to with FDIC protection so your question has already been addressed. Despite your persistence, derivatives are a useful tool in limiting risk (i.e., protecting consumer and bank interests). If you think a vanilla interest rate swap is a "bet" and don't care to read what I've linked or written, then by all means stick with "Wall Street BAD!" but don't pretend that you're actually interested in discussing the topic of your own thread. Remind me which banks were at risk of failing, which were bailed out, and how they were bailed out? i'd love to see how you arrived at such an opinion.

In other words you don't care about the regulation beyond the fact that financial institutes hate it, you don't have any interest in what it does and what it doesn't do, you aren't concerned as to what financial products are covered and which aren't even if these instruments may be used to limit the risk of assets insured by the FDIC, you have no interest in the design or efficacy of the original bill, you're just anti-finance and banking. You're outraged but you have no idea whether its justified and you do not care to find the truth. I see I'm catching more flies with honey.

Can't small and large banks oppose this legislation for reasons I've already provided? First line of the WSJ article lays it all out. Big banks always hated Volcker. What about it? Whats the context of that comment? What about everything I just discussed? Like specifics. I'm really not interested in limiting this discussion solely to an appeal to authority based on who's for it and who's against it.

Wrong. One side from someone who works in finance and thought the NPR article was a total puff piece and one side from birdog who doesn't hold my industry in such high regard. Not an opinion. Got one thing right. More cop outs. Not an opinion.