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Going Into Wall Street by John Train I am frequently asked about the best background for the investment business. To start with, I am quite sure what it isn't : majoring in economics and then entering Wall Street. That's like recommending that an aspiring author should go straight...

I saw that the other day, I'll bet the fuckers guilty as hell. Anybody who has anything to do with the UN is a crook.

It's a civil fraud charge. 3-2 vote by the most incompetent agency the regulators could assemble. Do you blame them? Our media is not exactly fair and balanced.

A conservative estimate is that $9 worth of CDS “insurance” has been sold for every $1 in mortgage bond. Therefore, someone stands to gain $9 if the homeowner defaults, but only $1 if they pay. The economic incentives favor foreclosure, not mortgage work-outs or Main Street bailouts...

I'm not an alcoholic; I just like having an attractive wife.

SEC loses, "See, I told ya, we need more rules, more funding, more staff". On the flip side, GS agrees to senstivity training, community service.

Looks like they are not required to.

My problem is it takes me five weeks to read the book of the month.

Presidential elections have been decided by Facebook (Obama). ---------------- Yikers, facebook is right up there with the Supreme court.

Fear and greed are motivators and necessary. Maybe you need to lessen their impact on whatever you do, perhaps by making something else more important, like determination or confidence, education, skill, experience.

With diminishing privacy, eventually so many people will be "compromised" by their private lives that it will slowly become normal to have some kind of dirt or scandal out there. ---------------------------------------------- I agree. On the flip side are drug tests. This girl failed a...

Don't know, but apparently they hook up on the internet. Fer instance, "Hi! I am a legally blind lesbian in Utah but am currently married to a man- very long story. I want to meet some new contacts/frineds and chat with other blind lesbians bisexuals and queers- I am glad i found this site!"

Yeah, me too. Pretty extreme, but one I'll never forget because this " first line" is true, I did not make it up.:cool:

Hats off to the icelandic people. First they declared themselves bankrupt... Then they set their island on fire.... Anyone else smell the mother of all insurance frauds?

Morgan, I may be wrong but as far as the SEC, and Clinton's comments re Levitt, I think the Basel Accords / ISDA governed derivatives, so whomever was at the SEC wouldn't have affected the outcome. Probably someone else here could make a case that repeal of glass steagal would have only a minor...

Imo, the other point of your post brings to mind, plain old fashioned, civic responsibility. When an out of work, blind lesbian desires to experience "childbirth", be my guest but not on my dime. When asked "How will you manage?" She replies, "We'll get by somehow." Wtf does that mean to me...

I have several thoughts. I don't mind paying taxes, plain old fashioned money, but I dislike the gov't requiring me to do things with no compensation. The first that annoys me in particular is when the gov't requires a company to place a recycling receptacle for used plastic bags (WMT for...

The answer lies somewhere in that pesky principle of "opportunity cost".

I'll see your two zorba's and raise you one polka <object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/ips5DxSqzHE&hl=en_US&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed...

Eyjafjallajökull, Skógar and Mýrdalsjökull walk into a bar. Stay tuned.....