Bail Out of Hedge Funds 101

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Tell your fairy tale version to David Coulter--who lost his CEO gig and Gulf Strean Private jet at Bank of American as a direct result of the LTCM bailout--and his bank's share of the loss. Greenspan alone did not effect the bailout, he shared the pain. NationsBank's Hugh McColl needed that mistake to cut Coulter's throat in Zurich a few weeks later.So David Coulter lost $700 million when LTCM belly-flopped. That has nothing to do with how LTCM lost the money. You are losing it a bit H-V. Keep it together now.

I am trying to figure out how Jan Ullrich is a player in world economics. He is worth maybe 10 mil US.
Hardly enough to qualify him as a new world order candidate.

I am trying to figure out how Jan Ullrich is a player in world economics. He is worth maybe 10 mil US.
Hardly enough to qualify him as a new world order candidate.

it's all down to secret central bank meetings on Mars, grand cayman machinations, bovine extracts and tinfoil hat meetings chaired by Alan Greenspan, Lee Harvey Oswald and Wolfgang Strohband at the top table.
Mark my words, they're all connected.

"Nurse Ratchet, time for my medication, I'll have you know!"

The end is nigh!

it's all down to secret central bank meetings on Mars, grand cayman machinations, bovine extracts and tinfoil hat meetings chaired by Alan Greenspan, Lee Harvey Oswald and Wolfgang Strohband at the top table.
Mark my words, they're all connected.

"Nurse Ratchet, time for my medication, I'll have you know!"

The end is nigh!


Just as I suspected!
I am however confused that you didn't implicate Hamiltons dog as the mastermind.

Just as I suspected!
I am however confused that you didn't implicate Hamiltons dog as the mastermind.

Back to the drawing board..........although my people in BVI tell me that Yuri Gagarin was last seen getting in to the Space Shuttle, holding the lead of a dog....................


"Nurse, maybe you need to up the dosage, 'cause..................."

The nurse just emptied the last bag of cow's blood into my system, she is mixing up a another batch of pot belge if anyone needs some. Just look for the nurse with the Nike swoosh on her lab coat. By the way Greenspan is in the adjacent room if anyone is needing some advice on the economy and steroids. (I recently learned that most bankers and financial gurus have a vast amount of knowledge on steroid use and that they have secret offshore steroid accounts.) Oops!! I gotta go I hear that NASCAR and Tiger Woods are doing a NIKE sponsored presentation in the community room called, "The correct dosage for your child athlete." It should be really good on the new community widescreen 1080i HDTV.

Another example of supreme denial. Gynocology, Ule and his Zurich wires fried another German marketing icon.

Oh well, there will always be another fraud to come along.



Back to the drawing board..........although my people in BVI tell me that Yuri Gagarin was last seen getting in to the Space Shuttle, holding the lead of a dog....................


"Nurse, maybe you need to up the dosage, 'cause..................."

Bail outs for fraud are needed when the fraud is so grand as to threaten the world economy.


Q: Why will capitalism always survive?

A: Because socialism will always be used to save it.

Great point Wurm. So true of central bankers. Else we would live and die with the Gold standard, not artificial steroid treatments.

On Tuesday, September 18, look for a 25 basis point fed funds rate cut. I have no prediction as to the discount rate (interbank lending rate) It hardly mattered that last time they dropped it--as the banks do not even trust each other in this credit crisis environment, hence reluctant to cross lend.

Unannounced, will be more central banker open market purchases of junk paper and meetings with global banks to share in these loss exposure.

25 basis points is the most Ben can pull off w/o spooking the market further. A ZERO rate cut would be more frightening. We need a total of 400 basis points cut over time--and around $5 TRILLION of junk paper redeemed.

btw: The total US mortgage portfolio at par = $10 Trillion, not sure about the rest of the world.



Q: Why will capitalism always survive?

A: Because socialism will always be used to save it.

Well presented. Hedge funds evade regulations.
You quote and complement yourself.....look up the word Narcissistic, read the definition, soak it in, and then go get help.

hege funds sold in the US are sold under a Reg-D offering, and are monitored by the BD, who answers to FINRA (formerly the NASD) and the SEC. And by the way who is really getting crushed. Mom and Dad aren't unless they are wealthy to begin with.. every trade is approved by a firm principal whos livelyhood depends on busting bad trades.

Q: Why will capitalism always survive?

A: Because socialism will always be used to save it.
I (unusually) have to agree with you, Wurm. It is interesting how the bastions of capitalism and entrepreneurial spirit are lining up for a good old Government handout.
Here in Australia, for some reason that has bypassed me, our Government is plugging taxpayer moolah into a private childcare chain that is showing its belly to the sky. This chain is headed by an entrepreneur who was held up to the public as a stirling example of what a savvy individual can achieve.
I'm sure there are other child care centres / banks / car manufacturers who are sitting there thinking "What's wrong? I didn't bugger up enough to deserve a handout?"
Interesting times.