Longs = good! Shorts = bad! Simplest explanation is that LEH is bankrupt, going out of business, and everyone knows it.
And Merrill is next. And AIG. Tellme, where should it end, I mean this mentality where Hedge Funds tap you on the shoulder like some despot, and tell you, 'next'? You tell me.
As far as I am concerned, the faster we throw out these worthless piece of crap entities that are just sucking taxpayer money into some bail out vortex, the sooner this country can actually heal itself financially. Sorry to say, but the shorties are doing us all a favor. And I would say most of these down moves are not caused by shorters anyway. If I were long LEH, you can bet that I would be dumping as quickly as possible.
At least it's an opinion, and not "fuck you you asshole." Like some others would post. For that, I'm grateful. We've come a long way.
In the current issue is an interview with Byrne, he comments. 'The DTCC is a very strange organization". "I've had state regulators tell me when they go to the DTCC and try to look into it, the DTCC says, "I'm federally regulated. You can't ask me questions." Then the people from the SEC go to the DTCC and the DTCC tells the SEC "We are not regulated by you". I can understand his frustration, seems to be a classic catch -22. On the flip side, some years ago I tried to get a license to haul medical waste. I could not get a license unless I had customers, now get this, I could not solicit customers unless I had a license. If "they" don't want you in, you ain't getting in, period.
So you're the ET resident asshole now? Go away. Leave the forum to thinking individuals. If you ever compose something intelligent, let us know.
LOL! I posted great response to this but after seeing it, you cried to the moderators? You are a sad & bitter individual. As much as I enjoy abusing you, I have to stop, since apparently you cried so much, I will be banned if I keep doing it.