Friday, August 10, 2007

Monday morning will be a doozy...

No one knows what's going to happen on Monday morning but a lot (A LOT) of brokers are going to get ulcers worrying about it this weekend. If you're walking down Wall street just remember to look up if things are go badly. Nobody wants to be killed by falling overweight trader in Bruno Magli's.

I have family members who work in the finance in Hong Kong, Paris and New York and none of them are sleeping well tonight.
Imagine a whole office doing this:


As a tip for next time: Maybe it's not a good idea to rate loans without enough collateral given to unreliable borrowers as AAA or AA. Just an idea. It's not like these defaults came out of nowhere. I saw a loan on American TV with an ungodly interest rate and NO CREDIT CHECK! That's insanity. This lesson had to be learned, hopefully it won't be too costly.


And as a mild pick me up:


What makes this video really cool is the setting and the huge cast. What makes it disturbing in the bald middle-aged guy playing the teenage girl role.

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As an add on. The chicken/egg thing was an argument hashed out over some Budweisers... and my opponent still thinks my argument is circular. I stand by it. And by the fact that I can type drunk.

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