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    Metals Spreads

    I know that you're full of sh*t but it's okay since you are a paying sponsor. I know that there is no quality information you can offer on metal spread trading aside from what is already out there. And yes, I do actually deal with metal spreads, but we will leave that aside. The reality is...
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    Metals Spreads

    Wow, you're so generous to share a holy grail like this. If only other vendors were such givers.
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    Why did AOL go public again??

    They make good cup coasters.
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    Goldman Congressional Hearings

    Little boy, get a clue. Moody's and S&P hires kids out of college who do the grunt work. IBs are quite similar, if you ever worked in the field, you would know. If you paid attention, I made it sort of clear that they take orders & direction from the upper level, but they do the grunt work...
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    Goldman Congressional Hearings

    Holy sh*t, you must be retarded. Obviously the English language confuses you, so run along.
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    Good turn key services for small fund

    What is small? And what is your target investor base, if you are actively looking for investors? Really you just need a LLC with a proper attorney and an accountant to keep it simple. You've asked about this before and now you are back. Sounds like you realized that it can get very...
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    How is it possible to print money like hell and cause no inflation

    I'm sorry, WHAT? :confused: Let me try it this way. The money supply has been inflated by astronomic proportion but very little of it has actually hit the mass population. Most of it is in reserves and a lot of it has been used in the stock market. I think an even bigger portion is...
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    Goldman Congressional Hearings

    You have no idea what you are talking about. The street never used any complex method to value these instruments, only a small group of investors & hedge fund bothered to do so. The inputs are relatively simple and are basic economic, personal income and housing data to calculate return and...
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    Goldman Congressional Hearings

    I thought I would get a sensible answer, or a raging insult, but instead I get a stupid question. I did not change the meaning, you are obviously due to your borderline psychotic bias. I originally stated that they might as well have copied & pasted the models from the IBs. Obviously the...
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    How is it possible to print money like hell and cause no inflation

    A simple look at food prices will show you where a lot of the inflation is.
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    Goldman Congressional Hearings

    I don't care what the going practice is for other instruments. I am talking about the situation at hand. Do I know of actual excels being emailed from IB to ratings agency? No and I would not expect that. They are not dumb. What I do know is based on the conversations I had is that the...
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    Goldman Congressional Hearings

    Yes, people that work for ratings agencies doing the actual work in the matter are incorrect. Whatever they do is plain wrong and a fallacy. Thanks for clarifying, makes perfect sense. I will make sure to notify my acquaintances immediately that what they did & experienced is all a lie...
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    Goldman Congressional Hearings

    Lets forget the underlings and look more at the top guys, like senior VPs, managing directors and top execs. Do you really think they were suckers by making huge bonuses from all the fat fees they were earning? You really think they were just mistaken and actually thought these CDO products...
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    Goldman Congressional Hearings

    I don't believe you because I discussed with matter with someone who actually worked on the matter in question. I think it's normal to lend more credence to that person rather than an arrogant full-of-shit asshole on Elitetrader. Or do you think you have more expertise on the matter rather...
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    Goldman Congressional Hearings

    Considering that I discussed this directly with one of the people who worked in the department and remembers the process pretty well, I will say that you are wrong. The Investment Banks did supply most of the info, since, you know, they only designed the product. There was a constant need for...
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    Goldman Congressional Hearings

    The "third party" guarantees (aka AIG) came if the security was rated AAA/Aaa by the ratings agencies. Hence the models were tweaked to look good for the ratings agencies, but it was an unspoken understanding that there was a lot of business & fees for both parties if the investment banks kept...
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    An inconvenient Truth

    Not sure about the rest but Gates has actually stated that a big part of his success was being in right place at the right time.
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    An inconvenient Truth

    Hmm, not so sure about that. I think he embraced. It's a natural progress of capitalism to grow a monopoly. Because the whole concept of allowing competition goes against the growing profits goal. What you're thinking of is free market ideal which is a pipedream.
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    Goldman Congressional Hearings

    Viniar is pretty good. Best speaker for GS so far. I just heard his explanation of AIG payouts and now I am wondering exactly why was AIG bailed out if everything was covered by cash & treasuries collateral. Funny business.
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    Goldman Congressional Hearings

    Actually, the other way around, although I would not say skinned, more like they paid higher to buy certain commodities from us that they could have gotten cheaper from the market. Sounds like your dealings with GS is more of the down-lo type, LOL!
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