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Of course he did.
Does the Pope wear a funny looking hat?
The best one I've heard "Is the pope the head of the gay mafia?".
Did he? First poster got it right!
I found a brilliant e-book I'll share when I re-find. Eye/mind-popping. Very much on topic with the like of JP, the Other J6P and their inside games.
The rhetorical question burns.
Does a bear get run over on Wall Street?
Just because You Constitutional Lovers / Terrorists dont get the same rigged terms while the SEC looks the other way does Not! mean he is Favored.. it just means that You Constitutional Loving Terrorists are being undermined Financially for the Safety of America the Great Police State!
Losers always Bitch like little girls! Now go buy some Gold and Complain about how your rights are being stepped on buy the winners some more!
Despite a run of unfavorable test results, Harbinger Capital Partners' wireless venture was able to raise hundreds of millions more as it struggles to demonstrate its system can work without disrupting global positioning systems.
The Federal Communications Commission has required that LightSquared cover 260 million people by 2016, targets the company has pledged to easily beat.
High speed spying for ALL! Americans!! coming to a hand held device in your pocket very soon!
IPO allocation logs tell the same story - rinse wash repeat
I found Accredited investor the cruelest cut. No accredited, what was the term... you had to have a minimum of a mill $ outside primary home.
What a scam. Some trust fund dumbass could get into all those Sillycon Valley IPO's but not us Non-accredited or whatever investors.
i did lose money on Webvan though! ;-)
Remember Webvan anyone? Remember what Apple was trading at those days?
Is Nancy Grace an illegal immigrant's idea of Cleopatra?
Does the FED mark-to-market?
How about a good deal on a block trade? Does that ever happen?
And the defense rests it's case
I assume he's personal friends with Mary Shapiro.
I wonder if she calls him Big John?
Do bears poop on the Pope?
WOW! Do you really mean that the banksters get preferential treatment? This is SHOCKING, just SHOCKING!
I suggest spending a little time with WilliamBonzai7, just to give things perspective. Artists...
Apparently I did not spend enough time with Monty Python today. Maybe some vodka instead. Sigh..."What a world...what a world" *Red Witch from Wizard of Oz"
Try triple tequillas, pretty good for mania market closings.
SDO... There is a personal tale of woe surrounding tequilla. Otherwise...pretty fukking great idea!
I had a real close encounter with some cherry brandy when I was a young dumb ass. Now that I'm an old dumb ass I stay away from it entirely.
Who said old dumb asses can't learn new tricks?
He crossed the LEH position into his personal 401(k)...
'I feel SHOCKED!' Pepper Brooks, Dodgeball
Does Timmy ignore his taxes?
Hey Tyler change the title of this post to:
"HOW J. Paulson Received Pref Treatment [...]"
Okay? Don't wimp out on me now! Or I'll burn a vag into your other hand!
do you have a typo in this post, Tyler?
"For example a market represented as 20x22 would mean the dealer can buy a bond at 22 and sell it at 20"
buy and sell should be reversed - or "dealer" should be changed to "customer"
more importantly, what did you mean when you wrote:
"So Paulson proceeded to sell, and while on(e) would expect that the price he should get based on the Taconic clearing price would be well north of 20"
If Taconic bought (small size) at slightly higher than 20, then why would you expect Paulson to be able to sell significantly larger size at a price well north of 20? It should be well south of 20, no? He's a)selling and b) selling much larger size than Taconic was buying
You are correct. Bizarro up-down/left-rightness equivalency demonstrated.
...there is such a long list of things that COULD be investigated if we didn't have regulators that appear to be CAPTURED (bought off, corrupted) by the toobigtofail privetly owned Federal Reserve cartel......
...see failure to deliver stock certificates 3 days prior to Bear Stearn and Lehman's demise on www.deepcapture.com when you view Deep Capture the Movie".
...how about Lehman getting scrapped and sold for cheap to Barclay's yet MER got 0.66% of a BAC share for their bankrupt company.
....Paulson claims to the public that we can't socialize the banks, yet it is OK to gut the country to keep bankrupt entities alive vs. have a short term, 3-5 year treasury facility to unwind the corrupted defunct entities? And we are to believe the TRILLIONS paid out to keep these entities alive is for the good of the country? Paulson's dictate puts our country in jeopardy since debt burden weakens a country, and everyone in the world knows that keeping these banks alive at the US taxpayers expense is a scam, and as such, the value of our country and it's currency (integrity) have been going down down down.
Not directly pertinent here, but THESE DAMN THINGS (bonds) SHOULD TRADE ON EXCHANGES!!!
(But then bond traders wouldn't make obscene spreads.)
How many GS insiders have accounts at Paulson?
As part of the Abacus settlement, did Paulson have to disclose his client list, so regulators could see who ultimately profited? Surely he did, right???
Interesting data...welcome to the distressed market. Illiquid with massive spreads. It is certainly good to know your dealers. Nothing illegal here, but I'd be pissed if I was Taconic or the other funds that (only?)saw/took the other sides of these markets.
Bottom line, it is still good to be a distressed trader/salesperson at a broker/dealer...no wonder this stuff hasn't moved to an electronic arena faster.
meaning somehow JP found a broker who is either willing to take a big loss,
I would put the odds with one of the TBTFs unloading the crap and soaking it up, since they knew they would be bailed out.
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