KING OF BAIN....Oh My Gawd!

Sexual overtones, again....the mind of a manchild, but that is well documented so I won't beat a dead horse.

 

I am aware, but the topic was about leverage and whether LTCM was over, which they clearly were.

 

So you don't like sex eh?

 

Hey Mav and RCG... can you take your debate into a chat room? Not to be rude, but you've just destroyed what was a pretty decent debate.

 

I read the book as well as followed it in the press. But thanks for your literal interpretation.

They were overleveraged and their counterparties smelled blood. Had it not been for the excess leverage, there would not have been the smell of blood. The problem was that the strategy was not that profitable unless it had prohibitive leverage to make it so. And then the prohibitive leverage became just that - prohibitive.

 

You just can't help it, lol.

Pinocchio syndrome at it's best

 

Ding ding ding! Winner winner chicken dinner!

 

My bad, I forgot that RCG was the OP... but still

 

Okay, okay, back to Mittens. Bain is gonna kill him. One GOP strategist says it is cancer that will just keep coming back.

 

I'm done here. I like intelligent debate and it's so frustrating that I can't seem to have an intelligent debate with RCG. I swear to God the guy acts normal upstairs in the trading forums. Down here, not so much. I'll stop.