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With the government paying 80-90 cents on the dollar for these assets then selling it to pimco for 15-20 cents on the dollar. We will effectively nationalize losses even further on taxpayer books and privatize gains. and in a few years Pimco will unroll positions over time and profit...

Never hold a short position over the weekend. This kind of shit happens on a regular basis.

We have ICBM's If things get real tough China will be wiped out. The big reset button.

http://www.youtube.com/watch?v=RAXdie_gifI

Yeah makes no sense but people could really become idiots. Look at lotto winners who end up penniless after a few years.

Maybe but I like stress free weekends. Not worth the risk. Too risky. 13 dollars is better spent closing out.

Well he does not have the money to cover. I would be worried if I had a potential 33K liability. I guess he must have marginable securities that can be liquidated. Fed call coming. I doubt IB would let him write 1 naked call contract without any type of marginable security on the hook since...

Why did you not close this trade? I don't understand, you write a naked call and you could have bought to close that position for for 13 dollars. So to save 13 dollars you now put yourself in a situation that could mean potentially unlimited losses? Pin risk is very real and deadly. Maybe...

I am 100% vested in my hedge fund. Well I am the only customer :)

This is a different kind of recession.

What if google rallies and gaps up, at 390? :)

GE Just announced an offer for TXT price just dropped to 4.98 :) Well looks like you took the whole ball of wax.

Yeah they keep waiting for the big one. I keep asking deal or no deal. And they are being fools. But they will learn a lesson. But wow did you see how that option moved in price though, at one point it was in the mid 80s which should have been enough. Might end up with the suitcase...

Was this a naked call?? heh.

Phase III of this plan if the quantative easing fails as well is to then send every American a 75,000 dollar check and then Announce this on CNN,CNBC,etc.. You will see a pop in equities so fast that it will take 7 days to settle the trades.

That same study in 06 it would be 3% of Americans. This is a huge improvement

Thanks to Quantitive easing And a Zimbabwe style bull market.

Selling 80 dollar sneakers built by gooks in prison type complexes at a cost of 1 dollar for the shoe (Shipping cost included + cost to pay african american sports guy to promote overpriced shoe) Seems like a no brainer. I doubt nike will have earnings problems.

Wow those puts he sold, might as well just close them for that penny per contract. Its done for.

I would have to say Reagan initiated the process. Then Bush Sr. and Clinton helped grease the wheels. Bush Jr was too busy to pay attention to anything. The irony is I would have to say Bush Jr is the least guilty of the last few presidents because he really did not do much except start a BS...