The Vendor Client relationship - in real world situations (via zeorge497)
Damien Katz: Pr0n on the Couch
A well reasoned statement on the whole kerfuffle which I wholeheartedly agree with.
So Citigroup is profitable because investors think it’s failing, while Morgan Stanley is losing money because investors think it will survive. I am not making this up.
— Paul Krugman
The argument that A.I.G.’s traders are the people that we must depend on to save the United States economy is as weak and self-serving as it was in Thailand, Korea or Indonesia. A.I.G. is essentially advocating survival of the weakest. Thankfully, the American people are not buying it.
— Simon Johnson
Now, as far as the Fed returning “billions” to the Treasury, I’m still researching that one,
and so far I have found anything to verify that..
The NZD/USD surged sharply last night, from around 0.5280 to nearly 0.5450, after the Fed announced it was expanding its quantitative easing program.
— Danica Hampton
Mr Dunn said an inner-city apartment that sold off the drawing board for $750,000 several years ago was likely to fetch just $200,000 today.
— Stuff.co.nz
But this refusal to face the facts means, in practice, an absence of action. And I share the president’s fears: inaction could result in an economy that sputters along, not for months or years, but for a decade or more.
— Paul Krugman
Participants seeking to [avoid risk with derivatives] face the same problem as someone seeking to avoid venereal
disease: It’s not just whom you sleep with, but also whom they are sleeping with.
[BofA] doesn’t need any more federal assistance, [we] can “make it through this downturn on our own.
— Ken Lewis on Bloomberg - put a stick in them, they’re done