tag:blogger.com,1999:blog-18675105.post5863963826824644624..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Ah-Choooo! Goldman, Merrill Almost `Junk,' Their Own Traders Saybloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-18675105.post-14018408517320163952007-03-09T16:49:00.000+00:002007-03-09T16:49:00.000+00:00"How's that gold and silver you all bought last we..."How's that gold and silver you all bought last week for $690 doing these days?"<BR/><BR/>I don't know about you, but the gold & silver I bought at $350 and $5 respectively are doing mighty fine thank you.<BR/>Also as the £1 against the $1 took a bit of a drubbing this week, the value of my PMs in £1s has actually gone up about 2.5% due to exchange rate fluctuations alone.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-40176878496338571912007-03-09T12:03:00.000+00:002007-03-09T12:03:00.000+00:00Traditionally, Morgan has been far more conservati...Traditionally, Morgan has been far more conservative than GS and MER. They should fare much better through this shakeout.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-64940510784963860222007-03-09T01:23:00.000+00:002007-03-09T01:23:00.000+00:00Actually, the MENSA guys probably all got out befo...Actually, the MENSA guys probably all got out before the last crash so, yeah, they are smart. It's the morons getting in now that get their asses handed to them.<BR/><BR/>Why can't people figure out that money doesn't come out of thin air? Either the Fed prints it (thus shrinking the value of the ones in your pocket), or it's some loser last-guy-in giving it to the MENSA guys like Bob Toll who cashed out last year.<BR/><BR/>Make fun of those crooks who gave the hot potato to John Q. Public as much as you want man, until they spend some hard time in stir, they're the ones laughing.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-62521024635449960522007-03-09T01:20:00.000+00:002007-03-09T01:20:00.000+00:00It would be really cool if some of those guys got ...It would be really cool if some of those guys got a dose of reality. I work in the same complex as a Morgan Stanley office - maybe if there were less of those smug pricks compensating for their you-know-what size with their status symbol cars I could actually get a parking spot in the morning. Okay - I know they're not all bad -- but some of these guys are pretty fxxxin' arrogant and then they go and spawn and have all these little arrogant Juicy-clad kidsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-31853044329348715842007-03-09T00:52:00.000+00:002007-03-09T00:52:00.000+00:00I am missing a critical distinction in the origina...I am missing a critical distinction in the original <BR/>story - are the bonds that<BR/>have become junk the<BR/>corporate bonds of GS/MER OR are they the mortgage backed securities which have been packaged and sold by GS/MER - I suspect that the MBS stuff may be isolated from GS/MER in the sense that they are not responsible to pay of defaults - they will not be hurt by their MBS stuff unless they hold some of it in their own portfolios. They tend to be smart that way.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-85408307005056045682007-03-09T00:33:00.000+00:002007-03-09T00:33:00.000+00:00LMAO Wall Street banks got suckered by a bunch of ...LMAO Wall Street banks got suckered by a bunch of dirtbag grifters like Casey Serin and lost hundreds of billions of $$$$$ HAHAHAHAHAAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-34099947079104360132007-03-09T00:28:00.000+00:002007-03-09T00:28:00.000+00:00Yet all those dumb Wall St folks are laughing all ...Yet all those dumb Wall St folks are laughing all the way to the bank with their $5M bonus.<BR/><BR/>What was your year end bonus a sa Starbucks barrista HPers?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-88677154846030987692007-03-09T00:08:00.000+00:002007-03-09T00:08:00.000+00:00Now that's some scarey ass shi&Now that's some scarey ass shi&Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-91356792265263732372007-03-08T23:51:00.000+00:002007-03-08T23:51:00.000+00:00Amazing how the MENSA Wall Streeters couldn't figu...Amazing how the MENSA Wall Streeters couldn't figure out that giving $500K loans to felons, homeless, drug addicts, dead people, bums, drunks and other homedebtors wasn't a good idea. I'm glad they tightened the bankruptcy laws so the FB's will be really screwed for their stupidity in buying an overpriced asset that is falling in value and will cost a ton to maintainAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-68392873281572135602007-03-08T23:48:00.000+00:002007-03-08T23:48:00.000+00:00Amazing how the MENSA Wall St members couldn't fig...Amazing how the MENSA Wall St members couldn't figure out there was a dotcom bubble until the NASDAQ dropped 75%Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-87926645893549040142007-03-08T22:05:00.000+00:002007-03-08T22:05:00.000+00:00Yep, when somebody is calling Gold-men Sacks junk,...Yep, when somebody is calling Gold-men Sacks junk, there must be a shit-storm brewing.<BR/><BR/>Just sold half my portfolio to cash. <BR/><BR/>Lash yourselves to the mast folks, those clouds look awfully dark up there...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-76933918977186867162007-03-08T21:52:00.001+00:002007-03-08T21:52:00.001+00:00So, who are you going to believe, the guys who act...So, who are you going to believe, the guys who actually have to pay up in the event Goldman or Merrill default, or the Moody's, who give these "Too Big Too Fail" bank a much higher credit rating?<BR/><BR/>For my money, I'll stick with the opinion of the people with the money at risk, NOT the rating agencies, who are PAID to give their clients a favorable credit score.<BR/><BR/>This news speaks volumes about what is going on behind the scenes at the heart of the money center banks.<BR/><BR/>Pay attention folks. Pay strict attention.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-31627120191228279882007-03-08T21:52:00.000+00:002007-03-08T21:52:00.000+00:00Scary Stuff Indeed! I don't think the plunge prot...Scary Stuff Indeed! I don't think the plunge protection team can fix this. I am far from a financial guru but saw this train coming and positioned for it. I hope! <BR/><BR/>Everybody in housing bubble blog-land knew this was going to end badly. The big guys didn’t! Is greed so blind that the smartest money managers on the planet don’t have a clue? <BR/><BR/>Perhaps the conspiracy guys are right! Maybe this is an intentional sinking of the ship to merge our economies into a North American Union. We gotta meet Mexico half way to make the Amero possible..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-16426097895038826752007-03-08T21:48:00.000+00:002007-03-08T21:48:00.000+00:00Mid Hudson Valley, NYstill in 'Denial' stage...I c...Mid Hudson Valley, NY<BR/>still in 'Denial' stage...<BR/>I cant wait for the spring flood of For Sale signs.<BR/>House prices in this area still need to drop about 50% for the average person to afford one.<BR/><BR/>BTW.. i am not a renter, and have been following this market very closely since 1997...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-27855891725525519142007-03-08T21:42:00.000+00:002007-03-08T21:42:00.000+00:00Keith,Seriously, you need a good, long vacation. ...Keith,<BR/><BR/>Seriously, you need a good, long vacation. I can't figure out why you still get up in the morning. <BR/><BR/>You must be taking some serious amounts of Prozac.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-84763299687961395132007-03-08T21:23:00.000+00:002007-03-08T21:23:00.000+00:00Credit Crunch + Cantarel = Crisis Grande, Hombre. ...Credit Crunch + Cantarel = Crisis Grande, Hombre. <BR/><BR/>http://www.marketoracle.co.uk/Article476.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-45414069095679570582007-03-08T21:13:00.000+00:002007-03-08T21:13:00.000+00:00Sure...BUT who has the keys to the Treasury? Cou...Sure...<BR/><BR/>BUT who has the keys to the Treasury? Could it be the former head of Goldman?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-30786079101905245912007-03-08T20:45:00.000+00:002007-03-08T20:45:00.000+00:00Anybody know what happened to Casey Serin? His we...Anybody know what happened to Casey Serin? His website has been down all day.<BR/><BR/>I'd hate to have that trainwreck of a website go away. It is so painful to read about his delusions you almost get addicted to it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-44909014250949195472007-03-08T20:19:00.000+00:002007-03-08T20:19:00.000+00:00Amazing that you MENSA member HPers can figure it ...Amazing that you MENSA member HPers can figure it all out but all those dumb Wall St fools can't.<BR/><BR/>MER is up 2% today. GS is up 2.3% Wonder why?<BR/><BR/>Could it be that they actually know something about investing since they like uhm you know do it for a living and stuff? I mean come on. They don't come to your place of business and criticize your latte making skills, I think you should show the same respect back to them.<BR/><BR/>How's that gold and silver you all bought last week for $690 doing these days?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-85567640063846463732007-03-08T19:41:00.000+00:002007-03-08T19:41:00.000+00:00Keith, ever hear of the PPT? Ever hear the phrase ...Keith, ever hear of the PPT? Ever hear the phrase "too big to fail"? Hank Paulson isn't at the Treasury because of his intelligence or good looks, he is there to kiss some Chinese a$$ and pump up the markets. This isn't Kansas anymore.Anonymousnoreply@blogger.com