[barnaby33]

I hate to admit it, but the government was right to intervene in the Bear Stearns fiasco. Bubblesitter, upon what set of facts do you base this claim? All you have are the people who’s direct vested interests were served by the bailout telling you it was necessary. Again thats like asking a barber if you need a haircut. Don’t bother the answer is always the same.

If the Bear Stearns deal was truly necessary, fine put all the chips on the table. Its not that hard for a public accounting of all of BS assets and liabilities to be made public so the public can know exactly what its bailing out.

The reality is it wasn’t necessary and we don’t know if Bear posed a systemic risk. If it did we’re fucked anyway. Do you think Bear was the only firm with large amounts of toxic crap on its balance sheet?

The mindless repetition of the mantras of the grand pubahs of our financial systems sound quite hollow. Everything Bernanke has said about the economy so far has been wrong. It ain’t contained, it ain’t sub-prime and more money cannot solve or ameliorate the problem. The people in charge are lying, caveat emptor.

Josh

[barnaby33]

I hate to admit it, but the government was right to intervene in the Bear Stearns fiasco. Bubblesitter, upon what set of facts do you base this claim? All you have are the people who’s direct vested interests were served by the bailout telling you it was necessary. Again thats like asking a barber if you need a haircut. Don’t bother the answer is always the same.

If the Bear Stearns deal was truly necessary, fine put all the chips on the table. Its not that hard for a public accounting of all of BS assets and liabilities to be made public so the public can know exactly what its bailing out.

The reality is it wasn’t necessary and we don’t know if Bear posed a systemic risk. If it did we’re fucked anyway. Do you think Bear was the only firm with large amounts of toxic crap on its balance sheet?

The mindless repetition of the mantras of the grand pubahs of our financial systems sound quite hollow. Everything Bernanke has said about the economy so far has been wrong. It ain’t contained, it ain’t sub-prime and more money cannot solve or ameliorate the problem. The people in charge are lying, caveat emptor.

Josh

[barnaby33]

I hate to admit it, but the government was right to intervene in the Bear Stearns fiasco. Bubblesitter, upon what set of facts do you base this claim? All you have are the people who’s direct vested interests were served by the bailout telling you it was necessary. Again thats like asking a barber if you need a haircut. Don’t bother the answer is always the same.

If the Bear Stearns deal was truly necessary, fine put all the chips on the table. Its not that hard for a public accounting of all of BS assets and liabilities to be made public so the public can know exactly what its bailing out.

The reality is it wasn’t necessary and we don’t know if Bear posed a systemic risk. If it did we’re fucked anyway. Do you think Bear was the only firm with large amounts of toxic crap on its balance sheet?

The mindless repetition of the mantras of the grand pubahs of our financial systems sound quite hollow. Everything Bernanke has said about the economy so far has been wrong. It ain’t contained, it ain’t sub-prime and more money cannot solve or ameliorate the problem. The people in charge are lying, caveat emptor.

Josh

[barnaby33]

I’d like to be a hanger on. You could even fire me as the rogue trader who made all the bad decisions!

Josh

[barnaby33]

I’d like to be a hanger on. You could even fire me as the rogue trader who made all the bad decisions!

Josh

[barnaby33]

I’d like to be a hanger on. You could even fire me as the rogue trader who made all the bad decisions!

Josh

[barnaby33]

I’d like to be a hanger on. You could even fire me as the rogue trader who made all the bad decisions!

Josh

[barnaby33]

I’d like to be a hanger on. You could even fire me as the rogue trader who made all the bad decisions!

Josh

[barnaby33]

My personal favorite part was trading the corvette in for the suburban, like that is sacrificing?

Josh

[barnaby33]

My personal favorite part was trading the corvette in for the suburban, like that is sacrificing?

Josh

[barnaby33]

My personal favorite part was trading the corvette in for the suburban, like that is sacrificing?

Josh

[barnaby33]

My personal favorite part was trading the corvette in for the suburban, like that is sacrificing?

Josh

[barnaby33]

My personal favorite part was trading the corvette in for the suburban, like that is sacrificing?

Josh

[barnaby33]

At this point unless you are already loaded up shorting say XLF isn’t a great idea. I’d say shorting individual financials makes more sense. LEH and C are good candidates. To me C is a short to zero, or at least single digits. The easy money shorting XLF was made last year.

Rather than waiting for a cataclysmic event, short or buy puts into the Fed interest rate induced rallies then cover on the way down.

When the Fed has cut to one percent, thats your pre-cataclysm warning. The next shock should be quite severe.

Josh

[barnaby33]

At this point unless you are already loaded up shorting say XLF isn’t a great idea. I’d say shorting individual financials makes more sense. LEH and C are good candidates. To me C is a short to zero, or at least single digits. The easy money shorting XLF was made last year.

Rather than waiting for a cataclysmic event, short or buy puts into the Fed interest rate induced rallies then cover on the way down.

When the Fed has cut to one percent, thats your pre-cataclysm warning. The next shock should be quite severe.

Josh

[Author]

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