"Here Comes Another Bubble"
Submitted by
CalculatedRisk on Mon, 02/25/2008 - 2:34pm (26 comments)
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Need that... Thanks!
Yeah, Richter Scale Rocks!
Good for a big smile - thank you.
--
Isn't the Scam Market (since 1995) wonderful?
Silly.con Valley has thrived on fraud called Scam Options. Wait until it turns into a hellhole.
Jas
Particularly bad day today Jas?
Hey! That TechCrunch guy looks kind of like mp without his glasses, but mp has a better tailor, choice of neckties, and cigars.
Here is some more comic relief:
MBIA to Halt Asset-Backed Business, Will Split in Five Years
By Emma Moody
Feb. 25 (Bloomberg) -- MBIA Inc., the world's largest bond insurer, said it will stop writing guarantees on asset-backed securities for six months and will separate the business from its municipal insurance within five years.
``We can expect a bumpy ride over the coming months and possibly longer,'' new Chief Executive Officer Jay Brown said in a letter to shareholders today.
[snip]
Saw that vid among the others in the earlier thread. Funny.
Top of a thread is a good place to post this:
Tanta is NOT boring !!!111!!1
Time to add whaddaputz! to whocoddanode? and such.
Ask not for whom the Tanta toils. She toils for thee.
OMG I didn't know conjure could type!
I spent half my career wearing khakis and a blue shirt!
More silly fun! And oh yeah, they're cool on those Level 3 thingies... really...
UPDATE 1-Merrill Lynch to restate cash flows after error
(Adds details from annual report)
NEW YORK, Feb 25 (Reuters) - Merrill Lynch & Co (MER.N: Quote, Profile, Research), the world's largest full-service brokerage, said on Monday it was restating its cash flow statements for 2005, 2006 and the first three quarters of 2007 after finding an error.
In a filing with the U.S. Securities and Exchange Commission, the New York-based company said it overstated cash provided by derivatives financing transactions, a financing activity, but that this was offset by an overstatement of cash used for trading liabilities, an operating activity.
Merrill Lynch said that investors should not rely on its previous financial statements for the affected periods because of the error, but that the error did not affect revenue, net income, earnings per share, regulatory capital and several other measures.
[snip]
I remember being in the board room of a well-known toy company for a b-school class with the CEO. It was supposed to be "business casual". I looked around and EVERY guy in the room was dressed that way. It was hilarious, actually.
Merrill Lynch said that investors should not rely on its previous financial statements for the affected periods because of the error, but that the error did not affect revenue, net income, earnings per share, regulatory capital and several other measures.
LOL... ya it only affected the amount of money that came in and went out.
I looked around and EVERY guy in the room was dressed that way. It was hilarious, actually.
Go to a manufacturing sales meeting or rep convention someday... everyone will try very hard to look like they just came off the golf course except one guy who looks like he just stepped out of the wayback machine from 1966... white shirt, tie, tweed jacket, etc. Hang with that guy - he's not afraid to have fun (can't be embarrassed no matter what happens).
energyecon --
How the heck do you screw up the cash flow statement?
Even Enron didn't fake its cash flows, because it is nearly impossible. (They solved this problem simply by never releasing a cash flow statement. This made investors nervous, but only the smart ones.)
Seriously, the cash flow statement just tracks cash. It is completely unrelated to what you OWN or OWE or ARE OWED... Which is both its strength and its weakness.
A financial firm having to restate cash flows is just... Astonishing.
the New York-based company said it overstated cash provided by derivatives financing transactions
Well, given this statement it's not totally astonishing. Although, since it is the cash flow statement, it's sort of a nothingburger because they are not restating earnings. Someone just didn't tally up all checks correctly
Blue shirt and khaki pants is so 1980s.
I drive down University Ave in Palo Alto almost everyday and don't see that look.
Maybe a black tee, levis and flip flops. Lots of guys in business suits. Whoops, it is a little cold today for a tee. Gotta go pick up the wife at Sanford Hospital soon and will check out the geek look. You won't mistake me for a geek: Running shoes, levis, faded and dirty, blue cowboy shirt, FDNY truckers cap and suspenders. Wow! what a fashion plate!
dilbert, don't get me going on the whole flip-flop thing. If you are close to a beach, flip-flops are fine. Otherwise no one really needs to see your nasty toes. NO ONE. In my opinion, the are the present equivalent of the tube-top, and another sign of the general decline of western civilization.
My engineers would never wear them. They know better.
I've seen this band's videos before, but I thought that this one of theirs would be more appropriate for CR:
YouTube - Fine Line: Sub-Prime Decline - The Richter Scales
INO Equities Stocks Indexes - CONTINUOUS COMMODITY INDEX (NYBOT:CI) Price Chart and Quote
This might be it.
Michael Arrington is a huckster who is jealous of Mark Cuban who made $4B selling a piece of shit to Yahoo in 1999.
worst crime of fashion? A sort sleeve shirt with a tie. Men, please, never do it, women hate it.
They are snickering behind your back.
In a similar vein -
YouTube - Wall Street Meltdown
Back at my former techy job, any time I wore a blue shirt and khakis everyone made fun of me, claiming I worked at Best Buy
This is so true it's scary
Go to a manufacturing sales meeting or rep convention someday.
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Tactical Flashlights
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