Scots Taffer on 17/9/2008 at 02:37
Quote Posted by Nicker
If you have any money, there should be some real stock bargains available over the next few weeks. Start shopping.
Yeah, jeez, makes me wish I had a fucking clue about it.
Thief13x on 17/9/2008 at 03:06
AIG now! Who's next?
Rogue Keeper on 17/9/2008 at 08:24
TTLG.com
Darkwarrior_II on 18/9/2008 at 04:32
Quote Posted by paloalto90
Free men are aware of the imperfection inherent in human affairs, and they are willing to fight and die for that which is not perfect. They know that basic human problems can have no final solutions, that our freedom, justice, equality, etc. are far from absolute, and that the good life is compounded of half measures, compromises, lesser evils, and gropings toward the perfect. The rejection of approximations and the insistence on absolutes are the manifestation of a nihilism that loathes freedom, tolerance, and equity.
Eric Hoffer.
Imperfection is not an excuse for injustice.
demagogue on 18/9/2008 at 06:07
Yeah those poor, poor mega-investment banks.
Heaven forbid they should actually get punished for actively screwing all of us over with their greedy stupid decisions.
This kind of behavior actually deserves a monetary reward from the federal gov't don't you think? It's like half an invitation to keep trying this crap.
I mean, are you mush-hearts even paying attention to who the intervention is benefiting here (some of you are)? Or are you speaking entirely in glittering generalities in a completely different context? "Freedom" in this case means "Let the giants that hurt us get what they deserve. If you, mega-company, make decisions to cripple the entire housing sector, or allow your gas tanks to explode with a pinprick, and make money by preying on our harm, is it so horrible we let socio-pathic companies fail like the market (society) is saying it wants?"
* Point made for heuristic purposes only. I don't want a domino collapse of banks any more than anybody else, if that's what no bailout would really mean. But it's still not a pretty signal it's sending. ... As for letting it happen in the first place, yeah, total failure of regulation, both internal and gov't. Heads should roll for it, and they need to be smart about how they want to regulate this sort of thing in the future.
thefonz on 18/9/2008 at 19:52
Man, it was sad coming into work on Monday morning to Canary Wharf (London).
I'm at HSBC where happily we're one of the few banks doing good out of this whole mess - at least we're weathering it.
But to see all those poor sods at Lehman's trudging out of the office with boxes - heading straight for the pubs at 9am in the morning I might add (the pubs opened early, very sporting of them i thought) - wow really hit home.
I heard today from a friend over at Credit Suisse that only one floor in the Lehman brothers European HQ in Canary Wharf has people working on it - and then only around 400.
Still, I think this whole thing is a good positive for the financial world.
Incase anyone is wondering what I do btw; I work in the M&A business of HSBC.
:thumb: :thumb:
Scots Taffer on 18/9/2008 at 23:18
It's a market correction that needed to happen that's for sure, the only way it'll be a good thing is if the markets are resilient enough to bounce back and we don't end up with a conglomerated financial market.
That remains to be seen.
Rug Burn Junky on 23/9/2008 at 15:56
Miss me?
As you could probably guess, I've had a busy couple of weeks. I've got a number of thoughts on this situation that have been brewing since I've been pretty immersed in it professionally and personally. Hopefully, I'll have time before the weekend to chime in.
It still ain't over, prepare yourself for an ugly ride. ;)
