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Oh, what do you know. Europe is not immune? No more decoupling? :cool: http://www.bloomberg.com/apps/news?pid=20601087&sid=agDyigQUvRJc&refer=home France to Propose EU300 Billion Europe Bank Fund Oct. 1 (Bloomberg) -- France plans to propose a 300 billion-euro ($422 billion) bank-rescue...

Big difference between trading a couple million (with very little market impact) or $2bln. When you look at hedge fund darling longs XTO, JRCC, ACI, X, MOS and dozens of others you see how liquidity in steep downward moves plays a big role. They are forced to liquidate to meet redemptions...

Wow, what happened? I thought Dr. Trichet was such an ultra smart and astute 'banker' as all my ET friends have lectured me? Now he's panicking? :cool: http://www.bloomberg.com/apps/news?pid=20601109&sid=aRJToi7NKwSQ&refer=home Oct. 1 (Bloomberg) -- European Central Bank President...

Renaissance runs more than one fund. Most likely, the SEC filings you see showing Renaissance holding individual stocks are holding for their "Institutional Equities Fund" which has produced less than stellar results. I believe it was barely flat last year, probably down 2008 YTD. AFAIK it is a...

Dumbest thread. Ever.

Looks like a great reason for the ECB to hike!!! :p

Within a few short weeks, all banks - regardless of how 'safe' you might think they are - would be holding very few money in deposits as depositors see a total wipeout around every corner and will rather place everything they have in either T-Bills at 0% yield/gold or withdraw cash, thus...

Ya think? :cool:

I believe he also suggested the FDIC provides a type of insurance (at a premium) for wealthy individuals or corporate accounts, say $20, $50, $100m etc. in order to keep money in the deposit accounts and out of T-Bills.

I hope the ECB will hike on Thursday! We have to make sure the 'inflationary pressures' are finally taken care of!!!!!!!!!

No problem. IB working fine.

Canned soups, warm blankets, matches, candles and a loaded shotgun.

So what were your entry prices? Are these real money positions?

What was the trade and call in your original post again? I must have missed it.

German secretary of finance Steinbrück was in the headlines just last week, attacking "anglo-saxon financial capitalism driven purely by greed" and praising "the more conservative European approach that largely shields the EUR zone from the crisis". Today, German mortgage bank and DAX component...

Wow. I thought Europe was immune, with such smart and experienced bankers as Trichet at the helm. Just wow. Can't wait to hear their next lecture on inflation pressures. LMAO

When counterparty exposure goes through the financial system like a domino effect, then no matter if you gambled or not, you lose. Your assumption that only people that took huge risks get hurt is completely misplaced and very naive.

I couldn't agree more. The more guys running risky strategies relying on leverage leave IB, the better I sleep.

Wow, amazing response. He will be a hot candidate for the Nobel prize next year.