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Here Comes Shitty Timberwolf: The Goldman/Greywolf/Bear CDO Is About To Go Front And Center
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Big Fire Ants coming to feed on a wounded and bleeding lion carcass.
This may only be kabuki theater, but I am loving the show.
Ah, goog Kabuki ment bee ruved.
Bhled ahn Cilurkus. Is Cilurkus.
Powah Erite Distlacshun.
Only anticipation until the verdict is read.
Thou shalt not test the lord thy bankfiend.
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...
I knew that Heidi was lying whore! Anyone with that many surgical procedures can't possibly be trusted with investment advice!
+ 1000
Amen. Make the best of what you are dealt. Genetically speaking.
Not sure how proud I am of myself for getting that joke....but wtf, still lmao.
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.
Ah but you misread the 'good buy'
it was thank you sucker, "good bye...."
You know your PR onslaught is underperforming when ...
Bloomberg.com search is rapidly gaining hits for previously unrecognised terms at this rate.
Ha. That is awesome. Google knows what's up!
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...
Is this from another email? The goddamned hubris-o-meter is already pegged high.
GS proprietary slang...
shitty="incredibly lucrative", "scamtabulous", "providing liquidity" etc
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.