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PPT Hiring Mortgage Quant
After throwing $1 trillion at the mortgage problem, the president's working group realized that it needed someone who actually knew what the problem was, so it hired TREPP a few weeks ago. And now that they have a cash flow modeling system, the gentle souls with the invisible hands have expanded their hiring efforts, with the latest fat fingered talent sought by the New York Fed being that of an MBS Quant.
In addition to the job responsibilities listed below, a successful candidate will need to be able to covertly purchase billions of toxic MBS securities with taxpayer capital with minor but encouraged spillover effect into equities and other security classes, to indicate interest in $1,000 blocks of MBS securities while in fact purchasing trillions, and to have minimal restraint when it comes to lifting a bid, especially one which should exhibit constantly rising characteristics in a no volume market. The candidate's annual bonus will depend on the general level of the S&P at the end of the year and will be inversely proportional to the number of enforcement cases brought on by the SEC and other so-called market regulators.
Oh, Michael Moore, Oliver Stone as well as foreigners who want nothing less than stealing all of the Fed's trading secrets - you are out of luck: "This position requires access to FOMC information, which is limited to “Protected Individuals” as defined in the U.S. federal immigration law."
hat tip IMA5U
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And timmy g. will be back tomorrow to remind us how lucky we are that money is being printed to purchase all this crap so that the TBTF banks can live another day-- we are living in the twilight zone.
And, for any lawyers that are reading, isn't there something citizens can do other than bitching, writing their elected officials, or revolution that could get a recall to the paulson/bernake/geithner agenda?
Remember that we have been through an Economic Coup. If you check Paulson in early and late March, 2008, he speaks of merely managing some delinquent mortgages. Check out a flak named Swagel a few months later and he tells, looking back, that they were all manning the ramparts. It's all lies from start to finish and the October Surprise was given, not by Republicans or Democrats, but by Paulson, Geithner and Bernanke. "When the government is squandering Trillions, what's a few Billions among our friends? Nobody will even care..."
CW
I am with you!
We as citizens need to make a proclamation that we were lied to. There were enough clean nosed banks to take over the duties of the failed monsters. The power was always in the hands of congress to give to unwind these entities, paulson and bernake instead spent 3 weeks lobbying for what they wanted for the beloved Fed cartel.
Instead of letting the chips fall, we may have a whole country default...or a slow death to save these corrupt entities.
We need to make a song out of the truth verses what people believe that the banks had to be saved, then demand a revocation of TARP and all acronyms that are wrong...
Alright Nigggaaaz this is what we do. We come up with a 140 character message, maybe TD himself can help formulate it for maximum efficacy, and then get all 5million Zero Hedge readers (or whatever the real number is) to tweet the shit out of it non-stop...until it gets so much International Media attention that the whole national conversation will be focused on it. I have been thinking about this ever since the Iran story broke, because all the press seemed to really care about was the role of fucking twitter in the whole thing (pathetic for a mundane piece of tech) but has anyone staged a mass protest with a unified message on that thing? I believe it would work. Let's win one for the OXY Clean guy.
I'm down wit my homies fo de 140 project
Okay, let's get the party started. Maybe need to start a forum on this. I will get on it.
Alright Nigggaaaz this is what we do. We come up with a 140 character message, maybe TD himself can help formulate it for maximum efficacy, and then get all 5million Zero Hedge readers (or whatever the real number is) to tweet the shit out of it non-stop...until it gets so much International Media attention that the whole national conversation will be focused on it. I have been thinking about this ever since the Iran story broke, because all the press seemed to really care about was the role of fucking twitter in the whole thing (pathetic for a mundane piece of tech) but has anyone staged a mass protest with a unified message on that thing? I believe it would work. Let's win one for the OXY Clean guy. dza a.k.a Artist formerly known as adam
double post = my bad
new site = nice, however
http://www.youtube.com/watch?v=K7Ky5R-vxns
that's how TG & BB picture themselves when they are trying to come up with the new solution: "you can go with this & you can go with that, or you could go with us.."
Like the new site, will take a while to get used to the look and feel, but otherwise...
Also, just read the tips on how to read/contact ZeroHedge without Big Brother watching. One other tip that I find works well - use your personal Blackberry (or iPhone, or whatever). They cost next-to-nothing these days, and the data plan is cheap ($5 a month I think). The voice plans are the usual ripoff, but no more.
As I work on a nice, open, light-filled trading floor, it is impossible for the bastards to block my Verizon signal (though they try), and as far as I know, they can't snoop on your personal communications through the cell-network (only the govt can do that). And there are no cameras in the john.
The Internet is portable and wireless these days; no need to tie yourself to the connection provided by The Man.
Be careful, and see if you signed any communications agreement. At least one of the old IB's has a policy that all communication devices are subject to review, whether it ur pc, cell, or blackberry.
Off balance sheet experience preferred.
Former GS employee preferred.
I guess GS is the new GE as far as being a desired management candidate.
Seems like this job is a bit too 'number theory intensive' to actually result in a program that will work. Certainly not something that can be sustained in the long run. Note the ongoing financial debacle for further details.
Why has the government decided that getting into this silly scheme can lead to anything 'good'? They can hire a High School dropout and get the same level of confidence. In fact, the dropout would probably do better since he would not even pretend to know the difference between good and bad deals.
The entire 'extended' MBS/CDS market place needs to be eliminated. Failing to unwind all of these 'financial' instruments will only lead to future failures.
Meanwhile back at the ranch, good old Barney Frank wants more unqualified real estate deals to close 'for the good of the economy'. He will need to lean on the rating agencies, like he did last time, to get those puppies out the door. Unless of course, he has someone waiting with a trillion or so in cash looking for a 'good deal'.
5am NY time. CNBC 'futures have been improving throughout the morning again'
President's Working Group. They could have named the PPT as President's Toy Store. An innocent face to the humongous corruption in the politico-economic wall street government mesh.
This is a great call TD.
Why do you require that a quant analyst have security clearance? Perhaps, because you could label his activities as government secrets so that neither him, nor regulators can divulge what is being done without some SERIOUS litigation?
(essentially, the trader could go to jail for blowing the whistle, unless he proves beyond a doubt that he was being asked to perform illegal activities. The whole trial could be carried out in secrecy, so he would be undoubtedly screwed)
My they are devilishly clever. I had not thought of that one.
Area 51 Financial Services
This is a great call TD.
Why do you require that a quant analyst have security clearance? Perhaps, because you could label his activities as government secrets so that neither him, nor regulators can divulge what is being done without some SERIOUS litigation?
(essentially, the trader could go to jail for blowing the whistle, unless he proves beyond a doubt that he was being asked to perform illegal activities. The whole trial could be carried out in secrecy, so he would be undoubtedly screwed)
My they are devilishly clever. I had not thought of that one.
good articles: http://bit.ly/12NCJR worth aa read