So David Coulter lost $700 million when LTCM belly-flopped. That has nothing to do with how LTCM lost the money. You are losing it a bit H-V. Keep it together now.Hein-Verbruggen said:
Bail Out of Hedge Funds 101
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jhuskey said:
it's all down to secret central bank meetings on Mars, grand cayman machinations, bovine extracts and tinfoil hat meetings chaired by Alan Greenspan, Lee Harvey Oswald and Wolfgang Strohband at the top table.
Mark my words, they're all connected.
"Nurse Ratchet, time for my medication, I'll have you know!"
The end is nigh!
jhuskey said:
Back to the drawing board..........although my people in BVI tell me that Yuri Gagarin was last seen getting in to the Space Shuttle, holding the lead of a dog....................
"Nurse, maybe you need to up the dosage, 'cause..................."
The nurse just emptied the last bag of cow's blood into my system, she is mixing up a another batch of pot belge if anyone needs some. Just look for the nurse with the Nike swoosh on her lab coat. By the way Greenspan is in the adjacent room if anyone is needing some advice on the economy and steroids. (I recently learned that most bankers and financial gurus have a vast amount of knowledge on steroid use and that they have secret offshore steroid accounts.) Oops!! I gotta go I hear that NASCAR and Tiger Woods are doing a NIKE sponsored presentation in the community room called, "The correct dosage for your child athlete." It should be really good on the new community widescreen 1080i HDTV.
Another example of supreme denial. Gynocology, Ule and his Zurich wires fried another German marketing icon.
Oh well, there will always be another fraud to come along.
Oh well, there will always be another fraud to come along.
limerickman said:
Great point Wurm. So true of central bankers. Else we would live and die with the Gold standard, not artificial steroid treatments.
On Tuesday, September 18, look for a 25 basis point fed funds rate cut. I have no prediction as to the discount rate (interbank lending rate) It hardly mattered that last time they dropped it--as the banks do not even trust each other in this credit crisis environment, hence reluctant to cross lend.
Unannounced, will be more central banker open market purchases of junk paper and meetings with global banks to share in these loss exposure.
25 basis points is the most Ben can pull off w/o spooking the market further. A ZERO rate cut would be more frightening. We need a total of 400 basis points cut over time--and around $5 TRILLION of junk paper redeemed.
btw: The total US mortgage portfolio at par = $10 Trillion, not sure about the rest of the world.
On Tuesday, September 18, look for a 25 basis point fed funds rate cut. I have no prediction as to the discount rate (interbank lending rate) It hardly mattered that last time they dropped it--as the banks do not even trust each other in this credit crisis environment, hence reluctant to cross lend.
Unannounced, will be more central banker open market purchases of junk paper and meetings with global banks to share in these loss exposure.
25 basis points is the most Ben can pull off w/o spooking the market further. A ZERO rate cut would be more frightening. We need a total of 400 basis points cut over time--and around $5 TRILLION of junk paper redeemed.
btw: The total US mortgage portfolio at par = $10 Trillion, not sure about the rest of the world.
Wurm said:
You quote and complement yourself.....look up the word Narcissistic, read the definition, soak it in, and then go get help.Polyheme.boost said:
hege funds sold in the US are sold under a Reg-D offering, and are monitored by the BD, who answers to FINRA (formerly the NASD) and the SEC. And by the way who is really getting crushed. Mom and Dad aren't unless they are wealthy to begin with.. every trade is approved by a firm principal whos livelyhood depends on busting bad trades.
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