Comments on: Updating Lehman Sell Call

By: John

John — Fri, 13 Jun 2008 13:33:43 +0000

The Gasper is full of it. I didn’t catch this yesterday but what a load of bs from himself. Fuld surely can’t hang in there. Callan doesn’t surprise me at all, she’s outright lied in a situation where it was very easy to check out what she said and made preposterous claims that proved incorrect in days. I wonder just how good her grasp of the numbers really was since apparently she didn’t actually have an accounting background and when numbers get put on your desk in a big and complex business like this you have to know which questions to ask. She won’t be the last to go down because she parrotted info. And as for all the people magazine adulation of the past few weeks. Bizarre.

By: Chief Tomahawk

Chief Tomahawk — Fri, 13 Jun 2008 05:03:17 +0000

re: Amazon wish list

With all those watches you’re going to give “Flavor Flav”, aka the clock guy, a run for his money.

But where is this on the list?

http://en.wikipedia.org/wiki/Bugatti_Veyron

[Scroll down to "Fuel Consumption"; you'll need a benefactor just for the gas....]

By: pablo

pablo — Fri, 13 Jun 2008 04:59:22 +0000

barry

How bout total conscienceness ? got that going . lol

By: dcm

dcm — Fri, 13 Jun 2008 02:40:10 +0000

i don’t get the sense that LEH is “over”. at this point, einhorn’s issue, the marks, has not been addressed. the same clowns are still running the place, too. at >20x leverage with their hands in a lot of dangerous cookie jars, it’s hard to say the coast is clear.

By: lunatic fringe

lunatic fringe — Fri, 13 Jun 2008 00:40:50 +0000

The man has got a lot of nerve. From the handling of the monolines to the reporting on Lehman, it’s very clear that he is either complicit in the fraud or he’s been getting played. Those seem to be the only choices: either he’s a crook or he’s an idiot.

I’ll repeat what I said before – With friends like that, who needs enemies…

By: dukeb

dukeb — Thu, 12 Jun 2008 23:11:02 +0000

“Hey BR, has your buddy Gasbagarino apologized to YS at Naked Capitalism yet? It doesn’t have to be public. But he does need to apologize.”

I’ll third that. Gasbag is a Dbag…and boy, does he love the sound of his own voice. (What bar are you going to for the beer? I’d like to be sure I’m far, far away from that rendezvous.) I read Yves’ blog daily, and it’s one of the most refreshing of them all not just for the detailed opinions, but for its seeming lack of proximity to CNBC ilk.

By: Francois

Francois — Thu, 12 Jun 2008 22:47:21 +0000

“BR: Our quant system only has 3 ratings: Buy, Neutral and Sell.”

How about a 4th one?

SWM? As is Short Without Mercy?

By: Francois

Francois — Thu, 12 Jun 2008 22:45:53 +0000

“Hey BR, has your buddy Gasbagarino apologized to YS at Naked Capitalism yet? It doesn’t have to be public. But he does need to apologize.”

I’ll second that. Gasparino threathen litigation against Yves for “inaccuracies in reporting”.

Riiiiiiight!

By: JRH

JRH — Thu, 12 Jun 2008 22:19:56 +0000

Barry, still a sell on CIT technically after today’s action? (+6% on above avg vol)

TIA,
JRH

By: stuart

stuart — Thu, 12 Jun 2008 20:40:05 +0000

Does anyone here really believe that these folks are/were the only folks lying. It is a collusion of lying and we all bloody well know it. Just have any of them explain why it is OK to book to income downgrades of their own debt (in that case the market is right), yet keep on the balance sheet any asset downgrade, as a level 3 asset (in that case the market is wrong). A tad too selective in my books. They’re all lying and covering their asses desperately hoping to buy time.