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They better not ever have the Olympics there or they'll use it all up in one shot on the medals.

They're not finished yet pissing out the used champagne on everybody else. :p

So that was a reason given to not grant an equity stake in companies that participate. And also not to curb exec comp Dude - you already "stigmatized" them when you opened the Fed discount window like a barn door. I think they'll get over it.

I remember Franklin Rains being a name at Fannie - but mostly because of the legal fight he put up to get his bonus money. There are a lot of execs who took the money and ran already. So my guess is that - to be thorough - they are going to get those calls too.

http://biz.yahoo.com/ap/080924/financial_meltdown_investigation.html "Sources: FBI investigating possible fraud by Fannie, Freddie, Lehman, AIG and their executives" I'm thinking they are also looking into companies that haven't gone belly-up yet - but don't want to roil the stock prices...

Wrong for whom?

Dang - I thought she was in heat...:p

The only drawback I found with NinjaTrader is having to learn C# to program anything custom in it. Multicharts uses TradeStation's Easylanguage, which is easier to deal with (for me). Also, there is already a lot of stuff written from years of other people using TradeStation, so you often...

Does he have a blog where he posts insider-trading tips?? :D

That may be true - but something is going to get done because the whole thing is set up as Mutually Assured Destruction. "You can let us sink - but we're taking you with us!" So now, it's just the details...

Kind of leaves the grunt work of unbundling these packages to assess their real value up to the new owners doesn't it? You bought it - but you don't really know what's in it... Maybe they can sell them as Christmas surprises!

Not sure which was more disturbing - the money grab ($700B all at once) or the power grab (no review by the admin or courts). But then, he does have 2 hands to grab with...

The mortgage holders get no relief, only the financial corporations who get to unload the worst CDO's to the taxpayer. But - if the mortgage holders just keep defaulting, then the value of the CDO's are going to be squat once they are traded via Dutch-style auction. So the financial...

Naked short selling is illegal - but Cox didn't have the balls (pun) to address it. Legal short selling is a good thing.

Your point is flawed in one respect. I said the flood of liquidity would produce mal-investment which would find an outlet SOMEWHERE. In the '90's it was the dot-com bubble. After 2000 it went to subprime mortgages. I don't deny that Democrats had a healthy dose of responsibility in this...

That may be true - but any accrued benefits should not go to those executives whose failures or willful decisions precipitated the crisis. Don't reward failure - esp one this big.

Saw an Economics prof on tv that pointed to Greenspan keeping rates too low for too long and the Fed not overseeing mortgages even though they had the authority to do so since the early '90's. So the "irrational exuberance" that Greenspan warned against was actually fueled by Fed policy. It...

He wasn't lying. When he said the financial system was "sound", he meant it was the sound of a train wreck happening. And there wasn't anything new he suddenly figured out in an extra 3 days. He's been staring into the same blackhole from the beginning.

I was handed that line by my boss at one time. My answer was "There's a difference between someone who uses that as the end of an argument, and someone who uses it as the beginning of one." Just because the world is not fair, doesn't mean we should ever stop trying to make it so...:D

Dang! Why did Bush boast that there were more homeowners in his admin than ever before? You know - that whole "Ownership Society" thing... He shouldn't have been so proud about it.