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We Nominate The Following SEC Comment Letter For An Oscar

Submitted by Tyler Durden on 01/11/2010 13:38 -0400

None

If only everything having to do with the SEC was as succinct, concise and relevant. Via Broc Romanek. Original Link

Subject: File No. S7-23-09
From: William T McGonagall, III
Affiliation: Dungeon Master

November 23, 2009

I don't reckon none of them asset backed securities oughta be accounted for at alls. I reckon we ought not to mark them to market or anything. We oughta mark 'em to my butt

Sincerely,
William T. McGonagall, III

- advertisements -

Mon, 01/11/2010 - 13:43 | 190008 MsCreant

Best Acting? No, I think he means it.

Best Script? Maybe.

This is gonna take some thought. I agree it deserves something.

Mon, 01/11/2010 - 13:46 | 190017 10044

Best screenplay in a documentary.

Mon, 01/11/2010 - 13:46 | 190018 MsCreant

"Ass" ets. Marked to his butt. Ohhhhhhh!

Mon, 01/11/2010 - 13:59 | 190037 Assetman

Notice the pose in my avatar... Timmy's been marking that way since Day One.

Mon, 01/11/2010 - 16:53 | 190265 DaveyJones

I always thought the name and avatar meant you were riding a little donkey

Mon, 01/11/2010 - 17:33 | 190311 Assetman

Uhh... I'm not going to comment on that one. :)

Mon, 01/11/2010 - 18:54 | 190412 omi

Consultant Mr. M. Yass was nowhere to be found for a comment.

Mon, 01/11/2010 - 13:55 | 190028 Steak

:-)

William Topaz McGonagall (1825 or 1830 - 29 September 1902) was a Scottish weaver, actor, amateur poet, and performance artist, today famous for being arguably the worst poet in the English language.

Mon, 01/11/2010 - 14:03 | 190045 chumbawamba

I don't know. How hard is it to be the "worst poet" in any language? Show me some of his work and I bet you a dollar I can produce worse.

For I am Chumbawamba.

Mon, 01/11/2010 - 17:45 | 190330 Anonymous

He was pretty bad
http://www.mcgonagall-online.org.uk/poems/pgdisaster.htm

Mon, 01/11/2010 - 17:58 | 190343 Heroes Edge

http://www.mcgonagall-online.org.uk/poems/pgdisaster.htm

Mon, 01/11/2010 - 13:56 | 190031 ArkansasAngie

So ... do you suppose anybody at the SEC has read this comment and sent it up the chain?

Or ... has William T. McGonagall, III been arrested for insurrection? Under the Patriot Act? Never to been seen and, more importantly, never to be heard from again?

Prehaps Cuomo should investigate.

Mon, 01/11/2010 - 14:15 | 190064 suteibu

I reckon that ol' boy is armed. Remember the name...you might see it on the news one day.

Mon, 01/11/2010 - 13:59 | 190035 chet

Mark them to my butt, indeed. The wisdom of Main Street.

Mon, 01/11/2010 - 14:02 | 190042 Anonymous

Hehehe hmmmm he he...
He said "butt".

Mon, 01/11/2010 - 14:19 | 190070 DavidC

Chumbawumba,

McGonnagall, on the building of the first Tay bridge at Dundee, Scotland (from whence he came);

"Beautiful Railway Bridge of the Silvery Tay!
With your numerous arches and pillars in so grand array,
And your central girders, which seem to the eye
To be almost towering to the sky"

When the first bridge fell;
"Beautiful railway bridge of the silv'ry Tay
Alas! I am very sorry to say
That ninety lives have been taken away
On the last sabbath day of 1879
Which shall be remembered for a very long time."

And when the NEW bridge was built;
"BEAUTIFUL new railway bridge of the Silvery Tay,
With your strong brick piers and buttresses in so grand array,
And your thirteen central girders, which seem to my eye
Strong enough all windy storms to defy."

The original poems were (a lot!) longer, but you get the idea. Classic!

DavidC

Mon, 01/11/2010 - 15:19 | 190158 Ragnarok

Another Scottish Gem:

I wake up every mornin'
I stumble out of bed
Stretchin' and yawnin'
Another day ahead
It seems to last forever
And time goes slowly by
'Til babe and me's together
Then it starts to fly

'Cos the moment that he's with me
Time can take a flight
The moment that he's with me
Everything's alright
Night time is the right time
We make love
Then it's his and my time
We take off

My baby takes the morning train
He works from nine till five and then
He takes another home again
To find me waitin' for him

Mon, 01/11/2010 - 15:43 | 190188 faustian bargain

sonofabitch. now that song is stuck in my head.

Mon, 01/11/2010 - 18:41 | 190388 MsCreant

Here, lemme help you with that (Bwaahaahaahaa):

http://www.youtube.com/watch?v=MZEoqjdrcIs&feature=related

Shenna and the Solid Gold Dancers.

We call them earworms @ ZH. If you read long enough you get infected with at least one.

Mon, 01/11/2010 - 14:29 | 190091 crosey

Too funny.

Well, McG considered himself a gifted poet. In his mind, he was.

Akin to Lloyd Blankfein's delusion that "we're doing God's work".

Will Rogers would have a field-day!

Mon, 01/11/2010 - 14:31 | 190093 BorisTheBlade

That certainly gives a whole new flavour to the accounting rules.

Mon, 01/11/2010 - 14:33 | 190097 Anonymous

I just saw the Fast Money sphincter squad on CNBS answering the question "arent we punishing the banks that paid off TARP by going after them?"
You know their answer was "yes and buy the dips" These GE tools want to turn a blind eye to financial holocaust and light another cigar for the prick brigade.

My answer is YOU still dont get it A-SPHINCTERs? They have destroyed families, towns, ruined businesses. We want to kick them in the nuts and throw a blanket over them and beat them with baseball bats but we cant so we want Washington to at least tax them till they hurt as bad as they hurt us and, take their bonuses away till they all drive American cars.

Any questions?

Mon, 01/11/2010 - 14:51 | 190115 mchandler@ameri...

Yes, I quickly picture the gunbelt slid down - the pasty white orbs gleaming in unaccustomed sunlight for whatever metric may be performed. An accurate accounting of value seems likely by that measure.

Mon, 01/11/2010 - 15:05 | 190136 Anonymous

A little off topic here, but, eh, is there really an iShares Mayan Calendar Target 2012 ETF, or is somebody pullin' my leg?

I'd like to get a wee speculative with a portion of my portfolio, if I could only get a good friend to co-sign my credit card application (and I assured him I'd pay 'im back what I already owe 'im on Thursday, after I pay on an overdraft fee . . . and what's fifty quid to the bloody Midlands Bank?).

Your friend,
Ewan McTeagle

Mon, 01/11/2010 - 16:00 | 190211 Anonymous

I reckon I like them french fried potaters. Some people call it a "kaiser blade" but I call it a "sling blade."

Mon, 01/11/2010 - 16:01 | 190213 Unscarred

To my butt, or with my butt?

Mon, 01/11/2010 - 16:02 | 190214 Transor Z

I reckon I like them french fried potaters.

Some people call it a "kaiser blade" but I call it a "sling blade."

Mon, 01/11/2010 - 17:18 | 190291 lexalexander

I nominate Mr. McG. for SecTreas.

Mon, 01/11/2010 - 18:44 | 190392 MsCreant

Finally. A constructive comment.

Wed, 12/08/2010 - 10:20 | 788487 athenal

haha

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Tue, 03/29/2011 - 01:51 | 1111746 fiona

We Nominate The Following SEC Comment Letter For An Oscar

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