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Here Comes Shitty Timberwolf: The Goldman/Greywolf/Bear CDO Is About To Go Front And Center

Tyler Durden's picture




 

More to come.

 

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Mon, 04/26/2010 - 17:11 | 318702 Rainman
Rainman's picture

 Big Fire Ants coming to feed on a wounded and bleeding lion carcass.

Mon, 04/26/2010 - 17:17 | 318712 MsCreant
MsCreant's picture

This may only be kabuki theater, but I am loving the show.

Mon, 04/26/2010 - 17:28 | 318720 knukles
knukles's picture

Ah, goog Kabuki ment bee ruved.

Bhled ahn Cilurkus.  Is Cilurkus.

Powah Erite Distlacshun.

Mon, 04/26/2010 - 17:53 | 318752 Ripped Chunk
Ripped Chunk's picture

Only anticipation until the verdict is read.

Mon, 04/26/2010 - 17:14 | 318710 buzzsaw99
buzzsaw99's picture

Thou shalt not test the lord thy bankfiend.

Mon, 04/26/2010 - 21:27 | 319013 Problem Is
Problem Is's picture

What is the Lord, thy Lloyd B. God going to do?

Kick us out of paradise? <Check>
Make us toil for our daily bread? <Check>
Lead us into temptation with thy shitty investments? <Check>
We forgive those who trespass against us? <Lloyd B. Trying>
Deliver us from evil? <????>

Well at least when Lloyd B. God is sodomising us... The pope's bishop isn't...

Mon, 04/26/2010 - 17:26 | 318721 jedwards
jedwards's picture

I knew that Heidi was lying whore!  Anyone with that many surgical procedures can't possibly be trusted with investment advice!

Mon, 04/26/2010 - 17:54 | 318755 Ripped Chunk
Ripped Chunk's picture

+ 1000

Amen. Make the best of what you are dealt.  Genetically speaking.

Mon, 04/26/2010 - 20:01 | 318888 I am a Man I am...
I am a Man I am Forty's picture

Not sure how proud I am of myself for getting that joke....but wtf, still lmao.

Mon, 04/26/2010 - 17:37 | 318731 vote_libertaria...
vote_libertarian_party's picture

So what you are saying is that Goldman had more than one incidence in which something was sold as a good buy and yet they were short the same time?

 

I am shocked! Shocked I say.

Mon, 04/26/2010 - 18:31 | 318801 Racer
Racer's picture

Ah but you misread the 'good buy'

 

it was thank you sucker, "good bye...."

Mon, 04/26/2010 - 17:42 | 318738 M.B. Drapier
M.B. Drapier's picture

You know your PR onslaught is underperforming when ...

Bloomberg.com search is rapidly gaining hits for previously unrecognised terms at this rate.

Mon, 04/26/2010 - 19:19 | 318837 mister_x
mister_x's picture

Ha. That is awesome. Google knows what's up!

Mon, 04/26/2010 - 17:44 | 318741 Jack H Barnes
Jack H Barnes's picture

I would love to see a chart of the number of outstanding CDO's with CDO closures since 2007.  A list of the Dead. A graphical view of who's poison burned the largest number of these...

Mon, 04/26/2010 - 19:23 | 318839 SWRichmond
SWRichmond's picture

Is this from another email?  The goddamned hubris-o-meter is already pegged high.

Mon, 04/26/2010 - 19:29 | 318845 Bananamerican
Bananamerican's picture

GS proprietary slang...

shitty="incredibly lucrative", "scamtabulous", "providing liquidity" etc

Mon, 04/26/2010 - 19:59 | 318884 rawsienna
rawsienna's picture

They all knew the rating methodology was flawed  -  moody's and s+P used correlation assumptions for subprime that were very very low. It was all a scam. THe CDO raters at moody's were not allowed to talk to the people who rated the underlying bonds. Street just wanted the fee income from the deals so they kept it quiet. 

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