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Your Next Project Starts with Brownstoner
m4l, agree shorting is all fine and dandy, within the rules. I always thought the lifting of the uptick rule was one of the dumbest things ever.
Denton, cool. That makes sense. <3
Dave, did you see the flip book? One-third of it is about ACA – even if the amount of disclosure isnt the same in a private placement, the disclosure that does take place shouldn’t be misleading.
all I could say is that the SEC ain’t agreeing with you guys. So, we’ll see. I’m looking forward to the trial.
also if this abacus scenario was switched and it was paulson who got pitched the short and he took it and got killed (ie RE mkt went up), I super highly doubt the senate would be grilling GS about the SHORT getting killed. Public just view SHORTs as evil so if they get killed, it’s fine – ie double standard here
after all that riding on those little bike seats..I’m surprised can do it at all. Thought all nerves would be dead.
hey benson, I know that feeling. Every so often you can be in midtown, even, and there’s a moment of quiet. It’s uncanny.
I actually look for that in my photography, since I’m pimping it today, check out one I took in TriBeca the other day, not a car or a person in sight, and this is a busy block.
http://www.pbase.com/dentontay/image/124084361
Denton, isnt synthetic CDO’s ALWAYS have a Long and a Short else there’s no transaction? kind of like me asking DIBS to take a $20 bet on Mets winning game vs phillies tonight? ie in order for that bet to be in effect, I take LONG on Mets and DIBS take SHORT. if the LONGs in this transaction is surprised there’s a SHORT on the other side then they’re more dumb $$$ than they realize
jessi, that whole Abacus deal was a private placement for one thing. it doesn’t require anywhere near the disclsure that an SEC-registered offering to the public would.
One of the many things that Blankfein had a hard time explaining to our intelligence-deficit senators.
DH, armstrong dumped crow a long time already and current girlfriend has 2 kids with him now