Search results

To be fair, it wasn't like he had the technological ability to just watch three trading-ships idling on the ocean day after day and not shipping anything... It was a fraud...so you can't go too hard on him for that. 99% of Wall Street fell for Enron too. Only a few people like Chanos bet the...

Oh that's easy. In the case of the LSE, they simply just 'changed the rules/market' when one of their too-big-to-fail traders blew up all the margin. Did you forget that too? :sneaky:

Don't kid yourself about regulation. All the regulated investment banks keep getting busted for one shenanigan after another. Doesn't change much, but a few fines when caught. Here, Terry goes off ranting on multiple bigwigs of the 'regulated' CFTC as well as members of congress who put...

Typo! Obama = Clinton Admin. Yes, you are correct in that everything came home to roost under GWB. But to be honest, it was the Clinton admin that pushed banks for lending to the low income families.

I could not find The Rule at my local libraries. Not even a single book by Larry. But I'll keep a watch in it in the future. I am always suspicious though of traders writing their own biographies :) I actually finished reading Smoke & Mirrors today. It was actually ok, but nothing that I...

There was a time (not too long ago) that CME was getting ready to be purchased by SBF. Did you forget that already? Duffy was 100% against this and naturally opposed it. He even went so far as to call SBF a joke, and took a lot of push-back at the time for stating that. And to make a further...

To be honest, those CDOs, squared, etc. and the rest of them were not risky at all once upon a time. In fact, what made them popular was they were very risk adverse. So what the hell happened? All that changed when a president 'Obama' changed the rules that originally protected the system (and...

Weekly update: Friday May 17 A little bit of fireworks this week. Here's the recap: I got cracked by assignment on 6 contracts for SVV (Savers Value Village). What's interesting here, is that the holder of my PUTs had all the way until the end of October before they expired. But he decided...

It's quite possible gold will revert to being the old silver... But BRICs is really keeping it elevated for now.

Umm, this is actually old news. And everyone in Toronto is well aware of his schemes by now since last year. What was really interesting is that an investigator in the case was ALSO a victim, and beat him up for it. Now, he not only lost his investment, but also his career, etc.

Well that Cannabis book went quick. And now... for something different.

Your first post says Video is marked Private.

To be fair, you can't just keep re-using the same datapoint you heard of 'pets.com'. You seem to also ignore the new tech-bluechips that were super cheap during the same period. Audible and eBay did pretty good. And no one even wanted to buy PayPal after the bust... :banghead: And hard to...

I was getting a little worried. Just recently the Bank of Canada announced high interest rates will most likely go for a very long time (much more than anticipated). Also big warnings of sharp downturn happening, not to mention the banks here are in worst shape they've ever been. Sold another...

That's generally how money managers do business by profession. They manage other people's money.

What I've noticed, is a lot of boomers just don't understand commodities. Unless there are earnings statements or at least a Price-to-Earnings ratio printed for something, they just can't wrap their head around it. You'd be far off better explaining things to a ForEx hedger. But those guys...

This is pretty much a contradiction in terms... But is the familiar pitch you'll see by YouTube option gurus. There is no such thing as a perpetual motion machine (like the wheel) either... And everyone who pitches that to you on Youtube has negative broker statements, but they won't show you...

Fun fact. During the end phases of WW2, Patton was instructed to halt his forces in Europe and was refused to allow his desired attacks into Russia. Apparently, America couldn't afford any more war in that theatre, especially with Japan still to contend with elsewhere. :sneaky: America is even...

Nope. Not in Canada anymore. Cash for Keys. You will lose your house to house-squatters. That's the new laws. My mother already lost the home she bought for retirement to rent out to a squatter (and spent years in courts trying to legally get it back). And many of her boomer friends are stuck...