Search results

It's 100x worse for one very simple reason. If traders, funds, etc. have no faith that "segregated capital" is indeed segregated, this could and would have serious ramifications for other firms. We've already tested the "faith" of market participants in the past 3 years, now that we're still...

Would Maverick or anyone else care to look at the CFTC FCM data from say May-September of this year? I'm honestly looking to see if anybody saw the same things that I saw with this firm in mid-summer. A guy on another thread thinks it was a glitch that their adjusted capital went negative in...

Well considering their leverage, whatever the marks might have been on the date of reporting could have led to alot of fluctuation. It would be helpful if a guy who knew the in's and out's of the accounting chimed in. You have to remember that there was alot of noise about a bond offering...

To be honest, nowadays, that's an afterthought since I've become more concerned with the solvency of these firms. Obviously, I should have acted on it, in hindsight, but with the total lack of transparency and how things are "PR'ed" until the last minute demise, I find it hard to play.

You need clawbacks.

I agree. Although with MF Global, I noticed something very peculiar back in July/August when they were the only FCM (According to the CFTC financial statement for FCM's) that had a negative net capital balance.

It's an intriguing parallel. As can be seen by a recent chart of the biggest monthly gains in the history of the markets, most of them occurred in the 1930's and....2007,08,09 and this past month. To point out the obvious, the biggest monthly gains are typically going to occur in longer...

I find it more than a bit curious that they were loading up on sovereign debt at a very late stage in the cycle. Why not approach the "patsy" angle?

That would make sense. If the piracy of big budget productions dissuades the studios from actually continuing to front A-list actors 25million per picture to do a re-make of some schlocky 1970s sitcom adaptation, then I see it as a positive development. Just for the hell of it, try to pay...

Hell yes. Breaking Bad is the best show I've probably ever watched. The writing is tremendous. I've had this debate with quite a few people that the best talent has gravitated more towards the multiple season television series. I suppose that's it a better medium since a 5-6-10 year...

Pekelo is probably right. I'd have to assume you never saw it, and really it was a completely forgettable film. Essentially filmed on a handheld camera and could have doubled as a stitched together high school film project. Not to say that the idea was terrible, they did have a decent premise...

Stab in the dark (I'll probably get it completely wrong)...Rocky? Of course, many of my favorite films are from the 1970's. In fact just watched The Graduate again the other night. Mike Nichols did some great work back in those days.

Many of the great films were done "on a budget", not some lavish Hollywood orgy of spending and "A list" actors. All the schlocky films that are re-makes of some prior concept (which is what we see alot of nowadays) aren't worth the price of admissions. The smaller indie flicks are far more...

As mentioned elsewhere, the politicians have replaced the "free market" resolution to all crises. Some bought and paid for "regulatory" committee decides whether there is a de-facto default and whether the CDS contracts will pay out. So the market reaction is to cheer on this complete...

:D I call him the EuroTroll.

It's spelled "douche". And I'm certain that you are a giant "douche", a turd sandwich and a politically correct, brainwashed piece of shit. How's that work for ya?

I missed this post, but we are on the same wavelength. I get tired of this crap about the "people" being responsible for the current batch of crooked politico's. It turns into an argument about the collective versus the individual. Yes, 90% of the populus vote in their self-interest, but it...

It's called controlled opposition. A two party system gives the voters literally no options. If the system were reformed in any meaningful way and alternative parties were to emerge, I think that we'd see a vastly different political landscape. Currently, it's near impossible for an outside...

Until we can actually have qualified "voters", "we" are doomed to repeat the same mistakes for generations to come. In a perfect world, only those with some "skin in the game" would be afforded the privilege of voting. Either verifiable income and employment, a property owner, etc...

One day, maybe you guys will wake the fuck up and stop the in-fighting. I thought maybe the last couple of years would have shaken some of you out of this blind "party loyalty". It seems that as this country sinks into the abyss, it's still more worthwhile to argue the whole "left vs right"...