Comments on: 32-Floors of Anxiety

By: David Rosenberg

David Rosenberg — Fri, 26 Sep 2008 18:36:07 +0000

Bonus pools drying up at investment banks

Morgan Stanley and Goldman Sachs are delaying decisions about year-end
compensation until they have a better idea over fourth-quarter revenue figures.
Compensation expenses are dropping sharply across the major firms. Credit
Suisse said compensation expenses for the first half were down 43% year-overyear
while UBS said compensation expenses were down 50%. For more, take a
look at page 4 of today’s FT, “Big Investment Banks Postpone Bonus Decisions.”

By: randy

randy — Fri, 26 Sep 2008 16:01:14 +0000

sweet! maybe i will go over to 7th ave later today and heckle those douchebags who’re still at the lehman offices. they have it coming.

By: wunsacon

wunsacon — Fri, 26 Sep 2008 15:46:25 +0000

therealjg, the bubble peak was 2005. Since then, it’s been an unwind. As Mises says, there’s no way to avoid the pain post-peak. The only way to avoid the pain of the bust is to avoid the bubble.

Not to mention the fact that there was so much fraud by the GOP during the prior years that any subsequent party had the duty to investigate.

RW, don’t be a troll.

By: Jeff M.

Jeff M. — Fri, 26 Sep 2008 15:45:30 +0000

@wunsacon: You might be right but unless they put a muzzle on Palin over the next 5 weeks, McCain is toast. She’s utterly clueless and even conservative hacks are starting to admit that.

If the race issue wasn’t a factor, this would already be over. That’s the only thing keeping the race remotely close (if you assume the polls are right, which I don’t because they’re vastly underestimating voter turnout) at this point.

By: km4

km4 — Fri, 26 Sep 2008 15:41:58 +0000

McCain/Palin = Unstable/Unable

By: wunsacon

wunsacon — Fri, 26 Sep 2008 15:33:25 +0000

Politically, I think the GOP has to position itself as “against” the bailout. It’s a great move.

Their actual plan looks like “Skippy instead of Jif”. But, just the fact that they’re “against” something Bush proposed helps at a superficial level support the argument (within GOP circles) that Bush “is a liberal and not a conservative”. If the Dems appear to be more politically aligned with the Toxic President on the most important event right before the election, then people might conclude Obama — not McCain — represents “4 more years”.

At the very least, it makes matters so confusing that it might take away the political advantage Obama had on economic matters. Instead of talking about policy, now the MSM is discussing a narrow, inconsequential issue of “who parachuted in and did it help?”. It’s another “missing white woman” headline to entertain and distract.

I think the move will help the GOP, if it hasn’t already.

By: RW

RW — Fri, 26 Sep 2008 15:32:27 +0000

Affirmative Action home-loans were the root cause of the crisis that is taking down the American banking system. Imagine what an Affirmative Action president can do! Go Barry!!

By: therealjg

therealjg — Fri, 26 Sep 2008 15:27:37 +0000

Bush-haters should take note their own party was at the helm in Congress – Barack and Nancy included – when the storm was easily visible, and did NOTHING to stop it. Democrats Barney Frank and Nancy Pelosi are big advocates of the Paulson Plan. Barack Hussein Obama, Agent of Change, is essentially trying to sidestep the whole thing RIGHT NOW as a sitting US Senator. He, Barney, and Nancy will not save you.

By: d'zoner

d'zoner — Fri, 26 Sep 2008 14:30:37 +0000

“These are strange and interesting days ”

Nowhere near as strange and interesting as they will be if McRiskitallonawhim and Mrs Moosekiller somehow make it to the White House.

By: d'zoner

d'zoner — Fri, 26 Sep 2008 14:30:37 +0000

“These are strange and interesting days ”

Nowhere near as strange and interesting as they will be if McRiskitallonawhim and Mrs Moosekiller somehow make it to the White House.