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They should secretly use about $20 billiion every day to buy XLF, QQQQ and SPY for a few months. This would move all of the world's stock markets up eliminating the crisis. Most of the population really don't care that much about individual banks, but they are frightened about their 401K...

What will happen to the Wamu Bonds? The Jan 2009 maturity was only trading for about 20 percent of par today.

Doesn't the ban only apply to selling short stock? If so, market neutral Hedge funds can still use single stock futures as a substitute for selling short.

Inverse ETF's generally short futures not stocks, so they should not be impacted. In fact they will be much more attractive with greater liquidity

IMO, unless you are an options market maker, the slippage will eat up your profits.

My guess is an insurance company- maybe MET. But I'd like to see BRKA added. At 125,000 it would dominate the index :D

50 bp is not enough. We need a 500bp rate cut with negative interest rates (e.g. pay people to borrow). That should help form another bubble fairly quickly. Unfortunately our economy is like a heroin addict. We are addicted to bubbles. It is far too painful to go cold turkey.

The owners of Miller's LMVTX fund have been the big losers. Miller is not a loser, he's still drawing a nice salary from the management fee. Probably won't get fired, just a bonus reduction.

Three reasons- 1) FNM/FRE clarified 2) McCain moves ahead of Obama in polls 3) Weak US $

1) John Paulson acquires Alan Greenspan in Jan 2008. 2) Paulson's hedge fund shorts FNM and FRE 3) Alan Greenspan recommends wiping out FNM and FRE shareholders equity. This is legal? What a country! http://nymag.com/daily/intel/2008/01/john_paulson_aquires_an_alan_g.html

Renaissance Medallion Fund probably has the best long term record since 1986 using a lot of capital (>1 billion). They basically day trade liquid instruments using automated programs, grinding out returns. High intraday volatility helps their strategies and they are up again this year about 49%...

The Fed can do Chrysler type bailouts where the government gets common stock at a cheap price, but common shareholders are not completely wiped out. This can be a win win situation. If they had done this with BSC, the crisis would not be nearly this bad. IMO, big mistake by the Fed is setting...

Investment income

Don- I'm confused on what a haircut is. Normally in finance, a haircut is a percentage subtracted from the par value assets used as collateral. The size of the haircut reflects the perceived risk associated with holding the assets. For example, Treasury bills (which are seen as fairly...

The Williams Club is a classy place- not too noisy, walking distance from Grand Central and Penn Station (39th and Madison). I'm sure someone at Goldman is a member or affiliate member. http://en.wikipedia.org/wiki/Williams_Club

How about also adding a meeting in NYC or within 20 miles?

The story gets worse. I got a fill of 100 shares of Y at 346.06 at 1:36 PM. I checked Time and Sales- There is only one trade at 1:36PM - 100 shares at 345.01. My execution at 346.06 does not appear. Citadel must have shorted it to me. But don't they have to show the trade on Time and...

No, my order is still there- 100 shares at 346.06 You can see on time and sales 12:19:23 My 100 is the bid at 346.06 (I placed order 11:45) 12:22:03 Now there are 200 bid at 346.06 12:22:04 100 shares execute at 346.06 (but not my order) Now the bid is 347.25 I'll call...

I entered a limit buy order this morning for 100 shares of Y (Alleghany) at 346.06. My 100 shares was the only bid size at that price level. A few minutes later there was an execution of 100 shares at 346.06, but I didn't get filled. I called Fidelity to complain. They checked with their...

Cost~ What do you think of BW which is another Gendell holding. It looks very cheap.