Boy are they gonna get Thain, huh? After a “few trill” in losses, NY Attorney General, Cuomo, is getting tough—opening up an investigation of sorts— against the man who likes to decorate his office with elaborate things. What a fucking joke.
How about Angelo Mozilo, Stan O’Neil, Sandy Weill, The Bear Sterns crew?
I have a novel idea: instead of going after the guy who bought the $1,400 trash can, how about going after the guy who destroyed the infrastructure of capitalism, via knee capping the banks with CDO’s and other financial tools of fuckery?
How about that guy?
While Dick Fuld, Jimmy Kayne and the boys sip pina coladas on some square beach, in the middle of nowhere, little ol’ Thain will be receiving uppercuts to the scrotum, via witch hunt.
Can you say scapegoat?
As for the markets:
It’s business as usual: oil is in the shitter and XOM is up. Nothing to see here, carry on.
I’m sick of rehashing the news for you ingrates. Go pick up the newspaper and find out what’s going on. All I care about are my positions and, thus far, they are not responding to the laws of reason.
Who buys commercial Re, in the midst of a commercial Re funding crisis? Who are these people?
Anyway, I have a lot of cash on the “sidelines,” a little more than 50%. So, there is a strong possibility that I may buy something, like TLT—a true Costanza trade.
Almost everyone I know is shorting t-bills. At the same time, I hear grumblings that the Fed is very unhappy with the recent spike in yields. As a result, they may take their communist printing press and use it to buy t-bills. Oh, what a mess.
Therefore, TLT may be worth a floater.
And, finally, I am a firm believer in buying DUG, ERY and SRS on dips.
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