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  • July 1, 2008 at 1:05 AM #231844
    PadreBrian
    Participant

    Why weren’t company annalists sounding alarms..or if they did why where they fired or ignored?

    Reminds me of the CIA reports that said there weren’t any WMD in iraq in 2003.

    Sometimes it’s easier just to play along.

    July 1, 2008 at 2:27 AM #231676
    CA renter
    Participant

    I want to be co-CEO! 🙂

    Back in 2006, one of my largest short positions was in Golden West (World Savings) because most of their mortages were in California, and most were ARMs, with many neg-ams and other exotic “products”.

    Then, the idiots at Wachovia bought WS in May of 2006, IIRC — when any toad should have been able to see the writing on the wall — and paid an f’ing premium for it!!!!

    Whooosh, went all of my money on that trade (usually trade options), just like that.

    If I could see it, why couldn’t they?

    That’s why I don’t buy the theory that CEOs (and their executive entourage) “deserve” their pay. They are well-connected, and that is all!!!!

    July 1, 2008 at 2:27 AM #231797
    CA renter
    Participant

    I want to be co-CEO! 🙂

    Back in 2006, one of my largest short positions was in Golden West (World Savings) because most of their mortages were in California, and most were ARMs, with many neg-ams and other exotic “products”.

    Then, the idiots at Wachovia bought WS in May of 2006, IIRC — when any toad should have been able to see the writing on the wall — and paid an f’ing premium for it!!!!

    Whooosh, went all of my money on that trade (usually trade options), just like that.

    If I could see it, why couldn’t they?

    That’s why I don’t buy the theory that CEOs (and their executive entourage) “deserve” their pay. They are well-connected, and that is all!!!!

    July 1, 2008 at 2:27 AM #231810
    CA renter
    Participant

    I want to be co-CEO! 🙂

    Back in 2006, one of my largest short positions was in Golden West (World Savings) because most of their mortages were in California, and most were ARMs, with many neg-ams and other exotic “products”.

    Then, the idiots at Wachovia bought WS in May of 2006, IIRC — when any toad should have been able to see the writing on the wall — and paid an f’ing premium for it!!!!

    Whooosh, went all of my money on that trade (usually trade options), just like that.

    If I could see it, why couldn’t they?

    That’s why I don’t buy the theory that CEOs (and their executive entourage) “deserve” their pay. They are well-connected, and that is all!!!!

    July 1, 2008 at 2:27 AM #231850
    CA renter
    Participant

    I want to be co-CEO! 🙂

    Back in 2006, one of my largest short positions was in Golden West (World Savings) because most of their mortages were in California, and most were ARMs, with many neg-ams and other exotic “products”.

    Then, the idiots at Wachovia bought WS in May of 2006, IIRC — when any toad should have been able to see the writing on the wall — and paid an f’ing premium for it!!!!

    Whooosh, went all of my money on that trade (usually trade options), just like that.

    If I could see it, why couldn’t they?

    That’s why I don’t buy the theory that CEOs (and their executive entourage) “deserve” their pay. They are well-connected, and that is all!!!!

    July 1, 2008 at 2:27 AM #231857
    CA renter
    Participant

    I want to be co-CEO! 🙂

    Back in 2006, one of my largest short positions was in Golden West (World Savings) because most of their mortages were in California, and most were ARMs, with many neg-ams and other exotic “products”.

    Then, the idiots at Wachovia bought WS in May of 2006, IIRC — when any toad should have been able to see the writing on the wall — and paid an f’ing premium for it!!!!

    Whooosh, went all of my money on that trade (usually trade options), just like that.

    If I could see it, why couldn’t they?

    That’s why I don’t buy the theory that CEOs (and their executive entourage) “deserve” their pay. They are well-connected, and that is all!!!!

    July 1, 2008 at 11:06 AM #231786
    JWM in SD
    Participant

    “If I could see it, why couldn’t they?”
    Because their paycheck depends on them to not see it.

    “That’s why I don’t buy the theory that CEOs (and their executive entourage) “deserve” their pay. They are well-connected, and that is all!!!!”

    Welcome to the world of the Ivy League Idiots as I like to call them. Every time I’ve worked with one of them, I either end up cleaning up their mess or as cannon fodder in one of their ill-conceived strategies.

    I honestly don’t think any of them really know what they are doing….they just sound like they do.

    July 1, 2008 at 11:06 AM #231910
    JWM in SD
    Participant

    “If I could see it, why couldn’t they?”
    Because their paycheck depends on them to not see it.

    “That’s why I don’t buy the theory that CEOs (and their executive entourage) “deserve” their pay. They are well-connected, and that is all!!!!”

    Welcome to the world of the Ivy League Idiots as I like to call them. Every time I’ve worked with one of them, I either end up cleaning up their mess or as cannon fodder in one of their ill-conceived strategies.

    I honestly don’t think any of them really know what they are doing….they just sound like they do.

    July 1, 2008 at 11:06 AM #231917
    JWM in SD
    Participant

    “If I could see it, why couldn’t they?”
    Because their paycheck depends on them to not see it.

    “That’s why I don’t buy the theory that CEOs (and their executive entourage) “deserve” their pay. They are well-connected, and that is all!!!!”

    Welcome to the world of the Ivy League Idiots as I like to call them. Every time I’ve worked with one of them, I either end up cleaning up their mess or as cannon fodder in one of their ill-conceived strategies.

    I honestly don’t think any of them really know what they are doing….they just sound like they do.

    July 1, 2008 at 11:06 AM #231960
    JWM in SD
    Participant

    “If I could see it, why couldn’t they?”
    Because their paycheck depends on them to not see it.

    “That’s why I don’t buy the theory that CEOs (and their executive entourage) “deserve” their pay. They are well-connected, and that is all!!!!”

    Welcome to the world of the Ivy League Idiots as I like to call them. Every time I’ve worked with one of them, I either end up cleaning up their mess or as cannon fodder in one of their ill-conceived strategies.

    I honestly don’t think any of them really know what they are doing….they just sound like they do.

    July 1, 2008 at 11:06 AM #231968
    JWM in SD
    Participant

    “If I could see it, why couldn’t they?”
    Because their paycheck depends on them to not see it.

    “That’s why I don’t buy the theory that CEOs (and their executive entourage) “deserve” their pay. They are well-connected, and that is all!!!!”

    Welcome to the world of the Ivy League Idiots as I like to call them. Every time I’ve worked with one of them, I either end up cleaning up their mess or as cannon fodder in one of their ill-conceived strategies.

    I honestly don’t think any of them really know what they are doing….they just sound like they do.

    July 1, 2008 at 12:43 PM #231836
    dumbrenter
    Participant

    Maybe they “saw” it…

    And did the best they could to profit from it.

    July 1, 2008 at 12:43 PM #231958
    dumbrenter
    Participant

    Maybe they “saw” it…

    And did the best they could to profit from it.

    July 1, 2008 at 12:43 PM #231967
    dumbrenter
    Participant

    Maybe they “saw” it…

    And did the best they could to profit from it.

    July 1, 2008 at 12:43 PM #232010
    dumbrenter
    Participant

    Maybe they “saw” it…

    And did the best they could to profit from it.

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