They shoot fund managers, don't they?

Don't you need to stake them through the heart to keep them down?

Mark-to-hope, more like.

But the expense of rehiring Euelna would be prohibitive, depriving millions of Americans of the opportunity to participate in the nation's best sure-fire investment and become an "automatic millionaire"!

Not to worry though, with modern computers and communication, instead of Euelna we can employ Chinese for a few dollars a day, and use machine translation software for the docs and correspondence. For a sample of how good that is nowadays, here's a
Babelfish translation of the Tavakoli quote into Chinese and back:

The hedge fund famously changes by the "marking uses they mathematical model to estimate and their CDO holding value reports -- the practice to the investor to the model. "recently troubled in the hedge fund by bear Stearns, Braddock Financial the Corp. responsible conduct and the unity capital market has highlighted the question inherently in that method. Even so, the fund supervisor resists the market view and to continue the "mark in the subprime property value to mold, the" request decline represents the short-term volatility. "the ' mark to model ' is the joke," says 珍妮特 Tavakoli, Tavakoli by structure finance consultant firm president, Chicago. "any you need the present to do are 狩 medical subordinate's mortgage" but are not mold in CDOs, has not completed early, she said. "it is unclean, rolls your sleeve type work. "

With artificial intelligence, who needs English lit majors?

Shocked, I say absolutely shocked! Has the heat gotten to the readers and contributors of this blog.

Are you seriously saying that hedge fund managers should work for their under taxed profits? Surely you don't mean that.

How do expect them to continue to take those juicy profits from the fund buyers if they have to fairly price their product.

Gads, when they get wind of this in the Hampton's it will cause no end of grief. Fund managers are far too special to actually work for a living.

How will the fund managers make a living if they can not sell their invisible cloth of woven gold?

$35/hr plus expenses and a $100 per diem, no bennies

That's funny, I just heard Latham was charging $440 an hour for 24 year old summer clerks to do the same thing. And the summer clerks are producing much more optimistic reports.

Janet will likely be fired for "having a bad attitude".

Ya and next we'll learn she's starting to blog about it and projecting her bad attitude all across cyber space... can the markets really handle much more of this?

Well maybe at least she has a good attitude about things that really matter - like good meatloaf.

A few weeks ago I chatted with someone at a (perfectly respectable) firm that offers due diligence services for securitizations. The going rate for analysts with 10 years of underwriting or loan closing or quality control experience is $35/hr plus expenses and a $100 per diem, no bennies. Average job lasts 5-10 days. - Tanta

Thats about 70,000 a year if fully utilized. Say the same as 50,000 salary. - vader

My guess is you spend two days marketing yourself for each day you can bill... and that's assuming the thing really blows up and the MOTUs think the really NEED these kinds of folks.

Else its seven days a week marketing youself for zero days billing. Been there.

there are absolutely no deals getting done, and flow volume is WAY off, so the majority of contractors are lucky to work 5 days a MONTH. I see pay rates coming DOWN, since there is such a large supply of contractors.

Wait 'til the class actions start & 'discovery' kicks in. Then it'll be 'Happy Days Are Here Again' for those folks.