Thursday Links
Bus and Subway President Quits in M.T.A. Shake-Up [NY Times] Some Wall Street Bonuses To Hit Pre-Downturn Highs [NY Times] Getting a Grip on Your Property’s Value [NY Times] There’s No Moving Al Vann Out Yet [NY Daily News] No Love for Bloomberg from Brooklynites [NY Daily News] Elves Invade Dumbo [Brooklyn Eagle] Brooklynites Rush…
Bus and Subway President Quits in M.T.A. Shake-Up [NY Times]
Some Wall Street Bonuses To Hit Pre-Downturn Highs [NY Times]
Getting a Grip on Your Property’s Value [NY Times]
There’s No Moving Al Vann Out Yet [NY Daily News]
No Love for Bloomberg from Brooklynites [NY Daily News]
Elves Invade Dumbo [Brooklyn Eagle]
Brooklynites Rush to Rescue Pigeon [Gothamist]
Photo by flatbushnelson
I as well as others presented them. You wouldn’t know a coherent argument if it hit you in the face. It’s sad how some people can’t grasp even basic concepts.
Good night
>>The origanla topic was bonuses and you couldn’t seem to understand why some people sdeserve to get paid in an organization despite the organization as a whole losing money.
Well, I have yet to hear a coherent counter argument.
No, I didn’t think so.
Which topic specifically??? Lobbies??? The government intervention in banks???
The origanla topic was bonuses and you couldn’t seem to understand why some people sdeserve to get paid in an organization despite the organization as a whole losing money.
Get back on topic.
>>We don’t know specificalyy what he owns but he’s been in mauch of the paper since Spring. Otherwise he had a good October, up 4%…better than the market but we were up 3% having taken on far, far, far less risk.
DIBS, I give up. I don’t know why we are talking about relative performance and risk levels between your fund and greenlight’s. We can’t have a discussion unless you stay on topic
And, despite what I may think about what he’s been saying lately (the Yen will be in a death spiral) we own a lot of Greenlight Capital reinsurance.
We don’t know specificalyy what he owns but he’s been in mauch of the paper since Spring. Otherwise he had a good October, up 4%…better than the market but we were up 3% having taken on far, far, far less risk.
>>Like I said above, I’m not interested in ANYONE’S thinking on these particular issues.
Let’s find something more relevant to argue about other than lobbies and the government’s intervention into the role of banks.
Einhorn is the one promulgating the Japan debt problem….probably because he has some big shorts on Japan. In fact, Japan’s cost to service its debt IS THE LOWEST AMONG ALL DEVELOPED NATIONS.
He conveniently leaves that out when he tries to work everybody up.
He’s blowing his own horn to try and boost his particular positions. If you don’t unnderstand that then you are naive.
———————-
Don’t change the argument. You said you dont care about what non-wall streeters think about Banks. I present you with an excerpt from David Einhorn’s speech. You then say you are not interested in anyone’s thinking, not just non-wall streeters.
Then you talk about his views on Japan. Where is the relevance to our discussion of wall street bailouts?
Stay on topic and focus!!
>>Einhorn has bet heavily on the debt of CIT Corp and that isn’t working out so well.
Really? Do you know exactly which bonds he purchased? How do you know it could not have been the 7.75% of 2010 mandatory that he bought? Punch it up on your bloomberg, it is trading at a 52 week high of 64cents on the dollar. (kt has a senior note attached and has first claim on assets in bankruptcy)
Also, how do you know he didn’t buy other CIT bonds at 30 cents on the dollar while simultaneously buy CDS? I heard the CDS is settling at 70cents on the dollar.