May they rest in peace: dead firms

Quote from deeznutz:

seisan is a definite don bright alias- so is stockwrangler- go back and read their posts- pathetic don, just plain pathetic.........
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I try to stay out of these, but I just have to interject one fact. I have sat down to eat with both Don and "siesen" at the same time and at the same table. They were two completely different individuals (ok, it was in Don's heavier days, so maybe it was 3 if you count Don as two :D ), and they were there at the same time... something you could never see with Clark Kent and Superman.

Now, to save you flamers some trouble, you can just go ahead, hit the reply button and post in these responses.

"Cash, you're nothing but a pathetic company man."

"Cash, or should I say Don, of course cashonly is yet another Don Bright alias. Who would really have a name of Cash Coyne"

"Cash, I know this is just so much BS. Cause I've met you and you're so skinny, that I doubt very seriously that you eat, so you COULDN'T have sat down with them both at the same time to eat!"

OK, that's enough for now. It you need more flames, just let me know!

Cash
 
Yes Don it was that "non-market driven" rate competition that caused my portion of a firm to close down. We were well capitalized and the traders well protected but I had no desire to risk lease payments, line charges, and equipment charges for crumbs.

I suspect since we were partially owned by a clearing firm, had the venture still been profitable we would have been able to pick up some traders any day now.

I noticed that the prices sorted retreated after I closed the doors as well.
 
Quote from cashonly:

I try to stay out of these, but I just have to interject one fact. I have sat down to eat with both Don and "siesen" at the same time and at the same table. They were two completely different individuals (ok, it was in Don's heavier days, so maybe it was 3 if you count Don as two :D ), and they were there at the same time... something you could never see with Clark Kent and Superman.

Now, to save you flamers some trouble, you can just go ahead, hit the reply button and post in these responses.

"Cash, you're nothing but a pathetic company man."

"Cash, or should I say Don, of course cashonly is yet another Don Bright alias. Who would really have a name of Cash Coyne"

"Cash, I know this is just so much BS. Cause I've met you and you're so skinny, that I doubt very seriously that you eat, so you COULDN'T have sat down with them both at the same time to eat!"

OK, that's enough for now. It you need more flames, just let me know!

Cash
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sure thing, cash- of course a company man would come to don's rescue- you depend on don brights breadcrumbs for your living.....say what you want, but its uncanny how when don posts something the same few people troll after him saying "don we love you" "bright is the best", etc,etc........

don is not the savior of the industry that he paints himself as.....everytime he bashes another firm or opens his mouth on these boards, it is with one goal in mind.....think about it......
 
Quote from deeznutz:

sure thing, cash- of course a company man would come to don's rescue- you depend on don brights breadcrumbs for your living.....say what you want, but its uncanny how when don posts something the same few people troll after him saying "don we love you" "bright is the best", etc,etc........

don is not the savior of the industry that he paints himself as.....everytime he bashes another firm or opens his mouth on these boards, it is with one goal in mind.....think about it......
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Well then how about me. You say that it's always the same people jumping in for him. Well I've been posting for over two years, and only once or twice have I defended him. That is because usually I ignore the flames, but then again, usually the flamers don't carry on and on and on. And, by the way, I do not and never have traded at Bright, yet I appreciate many of Don't posts. That's not to say that I agree with every one of his posts, or that I don't take some posts with a grain of salt. Then again, I do that with everybody here. But since many people have made it clear here time and again that they appreciate many of his posts, and since you always have the option of putting him on your ignore list, then if you don't like what he has to say, just don't read it. And what is wrong with advising people to check a firm's financials. I know many people here who experienced the shut down at some of the previously mentioned dead firms would have a great deal more money if they could've (since most firms didn't share them) or would've checked their firm's financials.
 
Well, I guess the real "class" of this has finally reached rock bottom. Cash, Rob, Boat, and the rest....let's just let this guy "rest in peace" with the firms that another person mentioned when he started this thread ....

And, for the real people, those who actually trade, and have concerns for the industry...I will have a more definitive thread started soon, and we can expect some feedback from the powers that be.

Keep the PM"s coming....

Back to work tomorrow....


Always nice to go to bed with a chuckle.

Don


:p
 
Quote from Don Bright:

Very soon you'll be adding a bunch of names to the list.

... most LLC's will be gone by the end of the year.

Traders will likely start a "run on the bank" to get their money out, so they don't end up with a WorldCo situation.

My guess it that the 3 major firms (Bright, Schonfeld, and Generic) will be fine...and the rest will have serious problems.

Don
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I understand this rule applies to ALL firms.

Could someone tell me how ECHOtrade would be effected by this rule change?

Will ECHO survive?

Please. :(
 
please quit editing threads to take out all negative comments made about you- let the people here exercise their right to free speech instead of dictating what they say by throwing your "weight" around....:D :D
 
IB should not be affected in any way at all. They are a retail firm and as far the the prop side I don't think they take trader's deposit so there would be no $ to be reclassified from capital to liability..right?
 
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