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meazza

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Everything posted by meazza

  1. Actually this is being done in Canada too in a similar sense. The junk loans are repackaged and re-sold as long term floating bonds (typically LIBOR or CDOR + fixed rate). IF the Fed is doing this then they are going pay interest to whoever buys these repackaged loans and provide some liquidity to an essentially valueless instrument.
  2. That !@#$ing chant gets on my !@#$ing nerves.
  3. I think i've found a website where a warrior like you has a voice http://www.prisonplanet.com/
  4. Ovechkin may be a European but he has the heart of a Canadian.
  5. And ironically he's on trial for multiple stabbings...
  6. It's well written tbh. There were many doomsday predictions with respect to the stock market but I don't think anyone had as much credibility as this guy.
  7. You ever read this book? http://www.amazon.com/Demon-Our-Own-Design...n/dp/0471227277
  8. http://www.amazon.com/Demon-Our-Own-Design...n/dp/0471227277 Demon of our own design by Richard Bookstaber
  9. Yeah baby!!!!!
  10. With a goalscorer that has 56 goals and 100 points yet not good enough to be the MVP because his team isn't in the playoffs.
  11. Actually you're right since I work in a back office that handles corporate actions, Bloomberg shows that the effective date is not for a while. Basically Bear Sterns is still up and running but i could just imagine how much of the stock loan positions are being unwound as we speak.
  12. Have the obligations already made their way on the balance sheet as the merger hasn't been deemed effective as of yet?
  13. So I'm guessing you saw that Zeitgeist documentary?
  14. That was the whole deal...
  15. A real philosopher you are
  16. The former I may not be new but it never ceases to shock me how minds can never be changed.
  17. Does everything have to be extreme. Sure a free market capitalist system is preferred over a communist system but can anything really function without just a little bit of help at the right time? Those responsible and those not responsible for this credit crunch have felt the burn of this crisis in the last 9 months anyway.
  18. I didn`t address any of his post except for how I feel it is over dramatic. The financial system is not perfect, and each crisis has shown us that. Obviously I`m experiencing my first real financial crisis being fresh out of school and am trying to learn as much as possible from this. When there`s another liquidity/credit crunch, I`ll let you know how i feel
  19. For sure... but that's if you're able to spot the bargain. I mean the example I was giving was of someone who just simply trusted their banker.
  20. A tad dramatic aren't we? But maybe a beer or 10 will help calm you down
  21. And the fed makes another move. http://online.wsj.com/article/SB1205862243...us_inside_today
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