Comments on: American Casino http://www.ritholtz.com/blog/2009/05/american-casino/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sat, 21 Nov 2009 12:43:00 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: BorseDAX http://www.ritholtz.com/blog/2009/05/american-casino/comment-page-1/#comment-173655 BorseDAX Wed, 20 May 2009 07:45:18 +0000 http://www.ritholtz.com/blog/?p=26844#comment-173655 The stock market keeps going higher dow 14000 soon according to experts <a href="http://kl.am/jP7" rel="nofollow">http://www.bloomberg.com/apps/news?pid=20601087&sid=ajgUp7xQIn6c&refer=home</a> The stock market keeps going higher

dow 14000 soon according to experts

http://www.bloomberg.com/apps/news?pid=20601087&sid=ajgUp7xQIn6c&refer=home

]]> By: clawback http://www.ritholtz.com/blog/2009/05/american-casino/comment-page-1/#comment-173434 clawback Tue, 19 May 2009 20:49:06 +0000 http://www.ritholtz.com/blog/?p=26844#comment-173434 bogwad, I can't tell you how many different times I've heard or read people say, "I wish we could..." or "We ought to..." At some point those people are going to start talking to each other and making more noise than they are right now. I thought things were hopeless, but I'm not so sure now. Notice, for instance, that Congress won't give out any more TARP. Pee-PIP and other programs can get around that, of course, but it's a good sign that Congress is drawing a line. Plus, there's a bunch of establishment figures (like Stiglitz, Krugman, Simon Johnson, Hoenig of the Fed and others) who are openly critical of the too-big-to-fail, give-em-a-bailout approach to all of this. And Andrew Cuomo is just itchin' to prosecute SOME-body. We'll see. Keep your pitchfork sharpened, though. bogwad,

I can’t tell you how many different times I’ve heard or read people say, “I wish we could…” or “We ought to…” At some point those people are going to start talking to each other and making more noise than they are right now. I thought things were hopeless, but I’m not so sure now. Notice, for instance, that Congress won’t give out any more TARP. Pee-PIP and other programs can get around that, of course, but it’s a good sign that Congress is drawing a line.

Plus, there’s a bunch of establishment figures (like Stiglitz, Krugman, Simon Johnson, Hoenig of the Fed and others) who are openly critical of the too-big-to-fail, give-em-a-bailout approach to all of this. And Andrew Cuomo is just itchin’ to prosecute SOME-body.

We’ll see. Keep your pitchfork sharpened, though.

]]> By: bogwad_seigneur (the smelly one) http://www.ritholtz.com/blog/2009/05/american-casino/comment-page-1/#comment-173151 bogwad_seigneur (the smelly one) Tue, 19 May 2009 10:36:46 +0000 http://www.ritholtz.com/blog/?p=26844#comment-173151 Hang 'em. Better, borrow Madame Guillotine from the French and graphically show the population what happens to criminals who set out to destroy the system. What was done was treason, and ought to be punished as such. The revenge of the people might be overdoing things a bit, but it would tend to make money managers, hedgies and others focus acutely on the mission. Never gonna happen, but we can always wish.... Hang ‘em. Better, borrow Madame Guillotine from the French and graphically show the population what happens to criminals who set out to destroy the system. What was done was treason, and ought to be punished as such.
The revenge of the people might be overdoing things a bit, but it would tend to make money managers, hedgies and others focus acutely on the mission.
Never gonna happen, but we can always wish….

]]> By: Cursive http://www.ritholtz.com/blog/2009/05/american-casino/comment-page-1/#comment-173104 Cursive Tue, 19 May 2009 03:06:33 +0000 http://www.ritholtz.com/blog/?p=26844#comment-173104 I'm about as free market as they come and I hope this greedy bunch cockroaches get what's coming to them. Decades of good public policy regarding home ownership tossed aside for EMH, financial engineering and leverage-induced profitability. This was not the function of free markets, this was a fraud perpetrated by a bunch of criminals and their willing enablers, e.g. Greenspan & Co. I’m about as free market as they come and I hope this greedy bunch cockroaches get what’s coming to them. Decades of good public policy regarding home ownership tossed aside for EMH, financial engineering and leverage-induced profitability. This was not the function of free markets, this was a fraud perpetrated by a bunch of criminals and their willing enablers, e.g. Greenspan & Co.

]]> By: Coruscation http://www.ritholtz.com/blog/2009/05/american-casino/comment-page-1/#comment-173086 Coruscation Tue, 19 May 2009 02:09:58 +0000 http://www.ritholtz.com/blog/?p=26844#comment-173086 Looks like a pilot for a 6th season of The Wire. Looks like a pilot for a 6th season of The Wire.

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