Recent content by nicuss

Do you work at Citigroup?

No. Lets say X owes me 1 billion dollars in derivatives, and I owe Y also 1 billion in derivatives. In order to settle my debts I don't need any assets, I can just take what I get from X and fully pay Y. If, in addition, Y owed X 1 billion in derivatives, then all three of us could fully clear a...

Kinda hard to do that now with high frequency trading and sub-pennying that you won't have access to: http://www.defendtrading.com/SubpennyinginDarkPoolsCompromisingNBBO.pdf

... and the rent you pay during those 2 years (if you do).

Here's a better source of free forex data, takes a bit of clicking to get, but downloading can be automated if you know some programming: http://www.dukascopy.com/swiss/english/data_feed/historical/

So how do you make forexite download all the hystorical data? Installed it but couldn't figure it out.

If the first 10.999.999 coin flips are heads then the probability for the 11 milionth one to also be heads is nearly 100%. There is obviously something wrong with the coin that makes it (almost) always land on the same side. Or perhaps there's a head on each side of the coin. Or the coin flipper...

100% scam. I doubt any real users get those items, even when an auction closes. They have bots bidding all the time and once people get bored or go to sleep their bot can win it easily. I mean why would they actually ship a MacBook for $35 when they can keep it and run another auction with it?

I'm not sure I would call this a scam. If the banks are selling their loan bundles at 40% face value they are eating a 60% loss which is quite a significant (and proper) punishment for their errors. If the government takes on the risk for the remaining 40% of the loans that's not really such a...

Perhaps I wasn't very clear, that's exactly where I did my search for "bing".

Ok, so I never heard of it and figured I would do a search on "bing" to find out... "BING represents the rigid polyurethane insulation industry in Europe" "bing - your mobile room for good friends" "The Bada Bing! (aka the Bada Bing or The Bing) is a fictional go-go bar from the HBO...

This isn't going to happen, more likely there won't be enough Fed funds to cover all willing "investors". Any bank with toxic assets has every incentive to place 8% of an asset's full value in a "private investor's" hand and have him buy it from the bank with 92% Fed funds. That way the bank can...

Perhaps they would be able to pay back the TARP money (over 5b) and not get taxed?

It was paid as gains to investors over the past 20-30 years (plus whatever he spent). At one point the cumulative gains paid over time became equal to the current deposits (55B), his actual balance was zero, and it was game over.

US Treasury: Investors ready to buy toxic assets WASHINGTON (Reuters) - A U.S. Treasury-led effort to soak up toxic assets from bank balance sheets could draw in private investors with the right government financing, a senior Treasury official said on Wednesday. Neel Kashkari, who...