Comments on: Will Alabama Join Michigan in Boycotting Chase? http://emptywheel.firedoglake.com/2009/04/08/will-alabama-join-michigan-in-boycotting-chase/ Fri, 15 Jul 2011 20:48:32 -0500 hourly 1 http://wordpress.org/?v=3.1.2 By: MarkH http://emptywheel.firedoglake.com/2009/04/08/will-alabama-join-michigan-in-boycotting-chase/#comment-146910 MarkH Fri, 10 Apr 2009 01:51:53 +0000 http://emptywheel.firedoglake.com/2009/04/08/will-alabama-join-michigan-in-boycotting-chase/#comment-146910 <p>That’s a great point (about accounting firms not making a sound). I suspect the reason they’re the big ones is they’ve learned to play the game: stay quiet, take the money, give firms good reports.</p> <p>Same as the asset rating agencies!</p> That’s a great point (about accounting firms not making a sound). I suspect the reason they’re the big ones is they’ve learned to play the game: stay quiet, take the money, give firms good reports.

Same as the asset rating agencies!

]]> By: MarkH http://emptywheel.firedoglake.com/2009/04/08/will-alabama-join-michigan-in-boycotting-chase/#comment-146905 MarkH Fri, 10 Apr 2009 01:46:28 +0000 http://emptywheel.firedoglake.com/2009/04/08/will-alabama-join-michigan-in-boycotting-chase/#comment-146905 <p>At least with short selling there is actual stock involved and if they want to profit or avoid losses they will have to buy it back later.</p> <p>It’s entirely different than betting on a company’s downfall.</p> <p>I think what happened (perhaps) is that America simply wasn’t producing new businesses for investors to invest in, so they started betting against them with short-selling and even moreso with naked credit default swaps.</p> <p>In short, they began rooting for America to fail.</p> <p>We sometimes ask, on these political blogs, why do the Republicans hate America. Well, here’s one reason — there’s money to be made by destroying it. It’s sick.</p> At least with short selling there is actual stock involved and if they want to profit or avoid losses they will have to buy it back later.

It’s entirely different than betting on a company’s downfall.

I think what happened (perhaps) is that America simply wasn’t producing new businesses for investors to invest in, so they started betting against them with short-selling and even moreso with naked credit default swaps.

In short, they began rooting for America to fail.

We sometimes ask, on these political blogs, why do the Republicans hate America. Well, here’s one reason — there’s money to be made by destroying it. It’s sick.

]]> By: Hmmm http://emptywheel.firedoglake.com/2009/04/08/will-alabama-join-michigan-in-boycotting-chase/#comment-146872 Hmmm Thu, 09 Apr 2009 22:36:43 +0000 http://emptywheel.firedoglake.com/2009/04/08/will-alabama-join-michigan-in-boycotting-chase/#comment-146872 <p>Because of the moral hazard?</p> Because of the moral hazard?

]]> By: sad4america http://emptywheel.firedoglake.com/2009/04/08/will-alabama-join-michigan-in-boycotting-chase/#comment-146808 sad4america Thu, 09 Apr 2009 18:45:04 +0000 http://emptywheel.firedoglake.com/2009/04/08/will-alabama-join-michigan-in-boycotting-chase/#comment-146808 <p>Naked short selling is not good but regular short selling with the uptick rule back in place is good. Why allow all paper money to be lost when a company hits trouble. Why not let people make money on the way down as well???</p> Naked short selling is not good but regular short selling with the uptick rule back in place is good. Why allow all paper money to be lost when a company hits trouble. Why not let people make money on the way down as well???

]]> By: Ann in AZ http://emptywheel.firedoglake.com/2009/04/08/will-alabama-join-michigan-in-boycotting-chase/#comment-146794 Ann in AZ Thu, 09 Apr 2009 16:59:06 +0000 http://emptywheel.firedoglake.com/2009/04/08/will-alabama-join-michigan-in-boycotting-chase/#comment-146794 <p>Jane has a <a href="http://firedoglake.com/2009/04/09/right-wingers-just-dont-understand-businessand-the-stupid-continues/#more-38747" rel="nofollow">fresh post up</a>: “Right Wingers Just Don’t Understand Business…And The Stupid Continues”</p> Jane has a fresh post up: “Right Wingers Just Don’t Understand Business…And The Stupid Continues”

]]> By: punaise http://emptywheel.firedoglake.com/2009/04/08/will-alabama-join-michigan-in-boycotting-chase/#comment-146793 punaise Thu, 09 Apr 2009 16:42:51 +0000 http://emptywheel.firedoglake.com/2009/04/08/will-alabama-join-michigan-in-boycotting-chase/#comment-146793 <blockquote><p>Oh Alabama<br /> The devil fools<br /> with the best laid plan.<br /> Swing low Alabama<br /> You got spare change<br /> You got to feel strange<br /> And now the moment<br /> is all that it meant.</p> <p>Alabama, you got<br /> the weight on your shoulders<br /> That’s breaking your back.<br /> Your Cadillac<br /> has got a wheel in the ditch<br /> And a wheel on the track</p></blockquote>

Oh Alabama
The devil fools
with the best laid plan.
Swing low Alabama
You got spare change
You got to feel strange
And now the moment
is all that it meant.

Alabama, you got
the weight on your shoulders
That’s breaking your back.
Your Cadillac
has got a wheel in the ditch
And a wheel on the track

]]> By: Blub http://emptywheel.firedoglake.com/2009/04/08/will-alabama-join-michigan-in-boycotting-chase/#comment-146783 Blub Thu, 09 Apr 2009 15:52:29 +0000 http://emptywheel.firedoglake.com/2009/04/08/will-alabama-join-michigan-in-boycotting-chase/#comment-146783 <p>moral of the story: don’t issue fancy-featured bonds with multi-modal puts, built in swaptions or whatever esoteric form of windowdressing i-bankers like to con clients into putting on such things.</p> moral of the story: don’t issue fancy-featured bonds with multi-modal puts, built in swaptions or whatever esoteric form of windowdressing i-bankers like to con clients into putting on such things.

]]> By: cbl2 http://emptywheel.firedoglake.com/2009/04/08/will-alabama-join-michigan-in-boycotting-chase/#comment-146782 cbl2 Thu, 09 Apr 2009 15:49:55 +0000 http://emptywheel.firedoglake.com/2009/04/08/will-alabama-join-michigan-in-boycotting-chase/#comment-146782 <p>a personal note of thanks -</p> <p>your comments on the sovereign immunity “hokum” helped talk me down - thankee !</p> a personal note of thanks -

your comments on the sovereign immunity “hokum” helped talk me down – thankee !

]]> By: RobNYNY1957 http://emptywheel.firedoglake.com/2009/04/08/will-alabama-join-michigan-in-boycotting-chase/#comment-146781 RobNYNY1957 Thu, 09 Apr 2009 15:32:47 +0000 http://emptywheel.firedoglake.com/2009/04/08/will-alabama-join-michigan-in-boycotting-chase/#comment-146781 <p><em>As Zero Hedge asks, “what the hell are Alabama residents doing trading swaptions?”</em></p> <p>Probably hedging interest rate risks on bonds they issue. What’s wrong with that?</p> As Zero Hedge asks, “what the hell are Alabama residents doing trading swaptions?”

Probably hedging interest rate risks on bonds they issue. What’s wrong with that?

]]> By: cbl2 http://emptywheel.firedoglake.com/2009/04/08/will-alabama-join-michigan-in-boycotting-chase/#comment-146780 cbl2 Thu, 09 Apr 2009 15:32:42 +0000 http://emptywheel.firedoglake.com/2009/04/08/will-alabama-join-michigan-in-boycotting-chase/#comment-146780 <p>As Zero Hedge asks, “what the hell are Alabama residents doing trading swaptions?”</p> <p><a href="http://www.nytimes.com/2009/04/08/us/08bond.html" rel="nofollow"><strong>NYT </strong>yesterday</a> - they weren’t just ‘doing’ trading swaptions, they were probably “tutored” in the fine art <em>by</em> the snake oil salesmen </p> <p>atrios has been warning about this shite for some now</p> As Zero Hedge asks, “what the hell are Alabama residents doing trading swaptions?”

NYT yesterday – they weren’t just ‘doing’ trading swaptions, they were probably “tutored” in the fine art by the snake oil salesmen

atrios has been warning about this shite for some now

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