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Ex-SD.
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March 16, 2008 at 10:04 PM #171736March 16, 2008 at 10:11 PM #171307
CoronitaParticipantHoly crap.
Well, looks like in lieu of this news, my startup company has found angel funding afterall 🙂 Thanks BSC! Seriously, I wasn't counting on this..Anyone think it's foolish to use your own money to start a company instead of someone else? I mean, I guess technically it really wasn't my money to begin with. This was as random as it gets. I guess if i don't use this, I'm going to do a double or nothing and put it all into shorting LEH after tuesday.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
March 16, 2008 at 10:11 PM #171638CoronitaParticipantHoly crap.
Well, looks like in lieu of this news, my startup company has found angel funding afterall 🙂 Thanks BSC! Seriously, I wasn't counting on this..Anyone think it's foolish to use your own money to start a company instead of someone else? I mean, I guess technically it really wasn't my money to begin with. This was as random as it gets. I guess if i don't use this, I'm going to do a double or nothing and put it all into shorting LEH after tuesday.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
March 16, 2008 at 10:11 PM #171643CoronitaParticipantHoly crap.
Well, looks like in lieu of this news, my startup company has found angel funding afterall 🙂 Thanks BSC! Seriously, I wasn't counting on this..Anyone think it's foolish to use your own money to start a company instead of someone else? I mean, I guess technically it really wasn't my money to begin with. This was as random as it gets. I guess if i don't use this, I'm going to do a double or nothing and put it all into shorting LEH after tuesday.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
March 16, 2008 at 10:11 PM #171663CoronitaParticipantHoly crap.
Well, looks like in lieu of this news, my startup company has found angel funding afterall 🙂 Thanks BSC! Seriously, I wasn't counting on this..Anyone think it's foolish to use your own money to start a company instead of someone else? I mean, I guess technically it really wasn't my money to begin with. This was as random as it gets. I guess if i don't use this, I'm going to do a double or nothing and put it all into shorting LEH after tuesday.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
March 16, 2008 at 10:11 PM #171745CoronitaParticipantHoly crap.
Well, looks like in lieu of this news, my startup company has found angel funding afterall 🙂 Thanks BSC! Seriously, I wasn't counting on this..Anyone think it's foolish to use your own money to start a company instead of someone else? I mean, I guess technically it really wasn't my money to begin with. This was as random as it gets. I guess if i don't use this, I'm going to do a double or nothing and put it all into shorting LEH after tuesday.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
March 17, 2008 at 7:11 AM #171437Ex-SD
ParticipantMonday Morning Update re. Bear Stearns
WASHINGTON – President Bush says his administration is on top of the situation in dealing with the slumping economy.
Bush says that the country is in challenging times. But he also says another thing is for certain: “ We’ve taken strong decisive action.”
The president commended the Fed for its urgent actions over the weekend. He said that the administration has shown the country and the world that the United States is on top of the situation.
Bush spoke on a day of turmoil and plunging prices on global financial markets. Oil prices hit a record in Asian trading, U.S. stock index futures fell sharply and the dollar hit record lows.
The president spoke after meeting at the White House with Treasury Secretary Henry Paulson and other members of his economic team.
_________________________________________________
My take on this:
I already thought that Bush was an idiot……..but now he has confirmed it. If he thinks that there is anything he can do to stop a 100 ton locomotive from barreling down the tracks, he is a total fool.March 17, 2008 at 7:11 AM #171768ParticipantMonday Morning Update re. Bear Stearns
WASHINGTON – President Bush says his administration is on top of the situation in dealing with the slumping economy.
Bush says that the country is in challenging times. But he also says another thing is for certain: “ We’ve taken strong decisive action.”
The president commended the Fed for its urgent actions over the weekend. He said that the administration has shown the country and the world that the United States is on top of the situation.
Bush spoke on a day of turmoil and plunging prices on global financial markets. Oil prices hit a record in Asian trading, U.S. stock index futures fell sharply and the dollar hit record lows.
The president spoke after meeting at the White House with Treasury Secretary Henry Paulson and other members of his economic team.
_________________________________________________
My take on this:
I already thought that Bush was an idiot……..but now he has confirmed it. If he thinks that there is anything he can do to stop a 100 ton locomotive from barreling down the tracks, he is a total fool.March 17, 2008 at 7:11 AM #171774ParticipantMonday Morning Update re. Bear Stearns
WASHINGTON – President Bush says his administration is on top of the situation in dealing with the slumping economy.
Bush says that the country is in challenging times. But he also says another thing is for certain: “ We’ve taken strong decisive action.”
The president commended the Fed for its urgent actions over the weekend. He said that the administration has shown the country and the world that the United States is on top of the situation.
Bush spoke on a day of turmoil and plunging prices on global financial markets. Oil prices hit a record in Asian trading, U.S. stock index futures fell sharply and the dollar hit record lows.
The president spoke after meeting at the White House with Treasury Secretary Henry Paulson and other members of his economic team.
_________________________________________________
My take on this:
I already thought that Bush was an idiot……..but now he has confirmed it. If he thinks that there is anything he can do to stop a 100 ton locomotive from barreling down the tracks, he is a total fool.March 17, 2008 at 7:11 AM #171793ParticipantMonday Morning Update re. Bear Stearns
WASHINGTON – President Bush says his administration is on top of the situation in dealing with the slumping economy.
Bush says that the country is in challenging times. But he also says another thing is for certain: “ We’ve taken strong decisive action.”
The president commended the Fed for its urgent actions over the weekend. He said that the administration has shown the country and the world that the United States is on top of the situation.
Bush spoke on a day of turmoil and plunging prices on global financial markets. Oil prices hit a record in Asian trading, U.S. stock index futures fell sharply and the dollar hit record lows.
The president spoke after meeting at the White House with Treasury Secretary Henry Paulson and other members of his economic team.
_________________________________________________
My take on this:
I already thought that Bush was an idiot……..but now he has confirmed it. If he thinks that there is anything he can do to stop a 100 ton locomotive from barreling down the tracks, he is a total fool.March 17, 2008 at 7:11 AM #171876ParticipantMonday Morning Update re. Bear Stearns
WASHINGTON – President Bush says his administration is on top of the situation in dealing with the slumping economy.
Bush says that the country is in challenging times. But he also says another thing is for certain: “ We’ve taken strong decisive action.”
The president commended the Fed for its urgent actions over the weekend. He said that the administration has shown the country and the world that the United States is on top of the situation.
Bush spoke on a day of turmoil and plunging prices on global financial markets. Oil prices hit a record in Asian trading, U.S. stock index futures fell sharply and the dollar hit record lows.
The president spoke after meeting at the White House with Treasury Secretary Henry Paulson and other members of his economic team.
_________________________________________________
My take on this:
I already thought that Bush was an idiot……..but now he has confirmed it. If he thinks that there is anything he can do to stop a 100 ton locomotive from barreling down the tracks, he is a total fool.March 17, 2008 at 9:41 AM #171482zzz
ParticipantFor those who feel redemption on BSC failing as payback for all the bad loans written- BSC failing is not good for you or anyone else. I assume most of you don’t stuff your dollars under the mattress – so how would you feel if your bank has a run on it and you lack access to cash – anyone know how long before you get your $$ back from FDIC? Or if others started charging you a premium to accept your checks due to the level of risk they feel they are undertaking by accepting a check from your bank? Swap trades were done at a premium last week involving Bear. JPM bought BSC in part due to what a failure would have done to its own balance sheet, and ward off additional counterparty risk. Its not as cheap as the superficial details portrays – this deal will cost $6B estimated in transaction costs to JPM.
BSC “rapid” deterioration was a modern day run on the bank. If Lehman or another bank fails this week- what will it do to the banking sector? There are complex interdependencies amongst all the banks. If everyone suddenly withdrew their cash positions and stopped doing business with their bank- even for a day, as happened throughout the last week at Bear in their institutional business, what do you think will happen? Don’t cheer too loudly if you’re not willing to risk your own $$$s in the bank.
March 17, 2008 at 9:41 AM #171816ParticipantFor those who feel redemption on BSC failing as payback for all the bad loans written- BSC failing is not good for you or anyone else. I assume most of you don’t stuff your dollars under the mattress – so how would you feel if your bank has a run on it and you lack access to cash – anyone know how long before you get your $$ back from FDIC? Or if others started charging you a premium to accept your checks due to the level of risk they feel they are undertaking by accepting a check from your bank? Swap trades were done at a premium last week involving Bear. JPM bought BSC in part due to what a failure would have done to its own balance sheet, and ward off additional counterparty risk. Its not as cheap as the superficial details portrays – this deal will cost $6B estimated in transaction costs to JPM.
BSC “rapid” deterioration was a modern day run on the bank. If Lehman or another bank fails this week- what will it do to the banking sector? There are complex interdependencies amongst all the banks. If everyone suddenly withdrew their cash positions and stopped doing business with their bank- even for a day, as happened throughout the last week at Bear in their institutional business, what do you think will happen? Don’t cheer too loudly if you’re not willing to risk your own $$$s in the bank.
March 17, 2008 at 9:41 AM #171819ParticipantFor those who feel redemption on BSC failing as payback for all the bad loans written- BSC failing is not good for you or anyone else. I assume most of you don’t stuff your dollars under the mattress – so how would you feel if your bank has a run on it and you lack access to cash – anyone know how long before you get your $$ back from FDIC? Or if others started charging you a premium to accept your checks due to the level of risk they feel they are undertaking by accepting a check from your bank? Swap trades were done at a premium last week involving Bear. JPM bought BSC in part due to what a failure would have done to its own balance sheet, and ward off additional counterparty risk. Its not as cheap as the superficial details portrays – this deal will cost $6B estimated in transaction costs to JPM.
BSC “rapid” deterioration was a modern day run on the bank. If Lehman or another bank fails this week- what will it do to the banking sector? There are complex interdependencies amongst all the banks. If everyone suddenly withdrew their cash positions and stopped doing business with their bank- even for a day, as happened throughout the last week at Bear in their institutional business, what do you think will happen? Don’t cheer too loudly if you’re not willing to risk your own $$$s in the bank.
March 17, 2008 at 9:41 AM #171839ParticipantFor those who feel redemption on BSC failing as payback for all the bad loans written- BSC failing is not good for you or anyone else. I assume most of you don’t stuff your dollars under the mattress – so how would you feel if your bank has a run on it and you lack access to cash – anyone know how long before you get your $$ back from FDIC? Or if others started charging you a premium to accept your checks due to the level of risk they feel they are undertaking by accepting a check from your bank? Swap trades were done at a premium last week involving Bear. JPM bought BSC in part due to what a failure would have done to its own balance sheet, and ward off additional counterparty risk. Its not as cheap as the superficial details portrays – this deal will cost $6B estimated in transaction costs to JPM.
BSC “rapid” deterioration was a modern day run on the bank. If Lehman or another bank fails this week- what will it do to the banking sector? There are complex interdependencies amongst all the banks. If everyone suddenly withdrew their cash positions and stopped doing business with their bank- even for a day, as happened throughout the last week at Bear in their institutional business, what do you think will happen? Don’t cheer too loudly if you’re not willing to risk your own $$$s in the bank.
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