Sunday, April 25, 2010

The profit Goldman made from the suspected positions the published emails in the Press tried to incriminate represent less than 0.25% of the 2008 all year profit and less than 0.02% of 2009s.
Do I buy Goldman management has knowlingly authorise or encourage anyone in the company or the entire company to engage into some sophisticated deal aimed at compromise some clients interests the bank was advising, part of deals that on another hand the company was betting against to make a profit of that level exposing the entire company's reputation on a one time coup? I'm afraid the answer is NO.
?? Do you?

Sunday, April 18, 2010

Jon ... I disapprove these words in the strongest possible manner.
A cold?
Wall Street is greedy, yes, but Wall Street got rich if so securitising mortgages, not actually lending or contributing to the guidelines used to make the troubled mortgages? Should have Wall Street warned sometimes what many there felt, it was going over the top...? How? Would have anybody listened?
Six years as a war prisoner (from 67 to 73) draw respect, doesn't it?
I met a team at the Biker's week in Daytona a year ago I believe would volunteer immediately to Miranda rights Ossama should he be arrested?
To be honest, following the junk bonds overdose... (a brilliant product misused, over issued following one of these you know let's make some easy money rush to a speculative product.... suddenly some "wise" funds managers thought and some others in charge of the general public savings they could put their reserves to work with the success we all know....
Oh well... the problem was fixed... Mike, Yvan and Drexel were burnt at the stake to prevent anythink like it to happen again......
Sounds familiar.....?