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Werelds
Special Little Man
Posts: 15098
Location: 0100111001001100
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 Posted: Wed, 16th Nov 2011 14:01 Post subject: I seem to be in the wrong line of work! |
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ixigia
[Moderator] Consigliere
Posts: 65078
Location: Italy
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| Posted: Wed, 16th Nov 2011 14:59 Post subject: |
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| Posted: Wed, 16th Nov 2011 15:05 Post subject: |
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That's a fairly badass way to advertise and make me feel horrible that I don't even have enough to invest all at the same time
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garus
VIP Member
Posts: 34200
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| Posted: Wed, 16th Nov 2011 15:52 Post subject: Re: I seem to be in the wrong line of work! |
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snip
Last edited by garus on Tue, 27th Aug 2024 21:34; edited 1 time in total
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ixigia
[Moderator] Consigliere
Posts: 65078
Location: Italy
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| Posted: Wed, 16th Nov 2011 15:56 Post subject: Re: I seem to be in the wrong line of work! |
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| garus wrote: |
You of all should not complain!  |
Haha at least it takes some seconds for mr. paulson to earn his salary, mine can be earned..Instantly.  |
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TSR69
Banned
Posts: 14962
Location: Republic of the Seven United Provinces
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| Posted: Wed, 16th Nov 2011 16:40 Post subject: |
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| Posted: Wed, 16th Nov 2011 20:44 Post subject: |
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id like to put a swiss army knife in his eye ball. Prick!
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| Posted: Wed, 16th Nov 2011 23:53 Post subject: |
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takes that fag 10.2 min to earn my annual income. I hope he gets raped by a aids infested child molester.
I hate you.
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| Posted: Thu, 17th Nov 2011 18:46 Post subject: |
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this is the reply i just got from this cocky cunt.
Hello Mr Murdoch.
We're big fans of your media empire.
We see you're interested in earning a little on the side?
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TSR69
Banned
Posts: 14962
Location: Republic of the Seven United Provinces
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| Posted: Thu, 17th Nov 2011 18:53 Post subject: |
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You want to tell us you make more than 2 million USD a year?
Formerly known as iconized
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spankie
VIP Member
Posts: 2958
Location: Belgium
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| Posted: Thu, 17th Nov 2011 19:49 Post subject: |
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Lol I understood some of those words
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TSR69
Banned
Posts: 14962
Location: Republic of the Seven United Provinces
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| Posted: Thu, 17th Nov 2011 21:03 Post subject: |
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I am all for a fair legal system, but some people ought to be shot on sight.
Formerly known as iconized
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spankie
VIP Member
Posts: 2958
Location: Belgium
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| Posted: Thu, 17th Nov 2011 23:33 Post subject: |
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well spazmotic, just imagine you go to a marketplace and say to the guy 'i have a nice product you can sell'. The market dude says 'ok'. You pay him 50 million and he does some heavy shit advertising and the market dude sells the crap as 'goldman sachs high quality product' and does not disclose to the customers that the crap in your shop was put there by someone else. Quite obvious that there is quite a difference if the product is constructed by a bank or another counterparty.
A bank sells stuff, and does not care which way the product goes, they just connect buyers and sellers and take a little percentage, just like a retail shop does. If a counterparty sells stuff, just like you and me on ebay, the seller expects the price will drop in the future, the buyer expects the opposite. Well, if a bank is selling, you expect to have a fair price with a quality stamp from your bank.
Paulson actively scouted (bought...) triple AAA (high quality that is) credit derivates he knew/expected were over rated and were almost certainly going down down down. He gave those to goldman sachs (sold them to goldman sachs via a complex derivate construcion, he took the 'short side', i.e. the seller). Then goldman sold that to retail customers (small companies, individual investors) as being 'high quality'. Guess what, a month later, paulson had the 4 bln in the pocket, the retail investors were down 4bln.
But on the other hand, cannot blame him. Innovation is driven by exploring the boundaries of the legal system. Economic growth is driven by innovation. You need 'creative' people to have inventions. No creativity = no google, no car, no space exploration, no satellites etc. Policy makers need to shut down all the fucking retarded financial loopholes. Create an environment for banking that is social and balance. We need banks, no banks, no risk capital, no investments and we have no innovation, no satellites, no google, no facebook, no drugs. The biggest innovations need big upfront investments, where banks can play a role. But all those derivate betting crap is retarded. those products are pure you win/i lose products compared to equity investments where everybody can win with a successful companies. There is no growth from it, no added value, no sustainable value creation.
A big FU Paulson
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TSR69
Banned
Posts: 14962
Location: Republic of the Seven United Provinces
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| Posted: Thu, 17th Nov 2011 23:50 Post subject: |
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| spankie wrote: | | But on the other hand, cannot blame him. |
Nah, even if it was legal what he did, you don't need to be a rocket scientist to see it was a big fraud. Legal or lawful are just terms that describe behaviour according to a set or rules. Whether the rules include certain criminal behaviour or not, certain acts remain philosophically very unethical and punishable.
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spankie
VIP Member
Posts: 2958
Location: Belgium
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| Posted: Fri, 18th Nov 2011 00:03 Post subject: |
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what are politicians paid for? Make laws. If you expect companies to be 'ethical' and 'morally correct' by themselves, why would we need a government then?
Everybody can have it's own theory and opinion, but in the end, nobody refuses a free lunch (or a 4bln USD bag). Paulson was questioned by congress and the SEC, never punished, never criticized, never warned, nothing. Everything completely legal. The only thing that changed is that as a marketmaker (which goldman was), you cannot provide 'asymetric information' to both counterparties, but you still don't have to disclose everything you know....
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TSR69
Banned
Posts: 14962
Location: Republic of the Seven United Provinces
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| Posted: Fri, 18th Nov 2011 00:15 Post subject: |
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Yep but the US congress is very malfunctioning these days. Thanks also to the US supreme court that ruled that corporations are people and therefore entitled to freedom of speech. So some companies and some big libertarians pump big money into the campaigns of certain politicians (read: Tea beggars). Politicians that will further derail US politics, and if these people succeed the US will be a Third World country again.
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| spankie wrote: | | Everybody can have it's own theory and opinion, but in the end, nobody refuses a free lunch (or a 4bln USD bag). Paulson was questioned by congress and the SEC, never punished, never criticized, never warned, nothing. Everything completely legal. The only thing that changed is that as a marketmaker (which goldman was), you cannot provide 'asymetric information' to both counterparties, but you still don't have to disclose everything you know.... |
I hate free lunches unless I can give a free lunch back some day later. Meaning give and take. I don't understand how this can not be punishable when you plot a scheme to sell something you know is a wasp nest, make shit-loads of money out of it and everyone who invested in it, loses their money.
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