echotoall.com Blog

if u don’t like fowl language… stop reading. 

For allowing this to happen… (article)… With Wall Street’s worst performance in history, the bonuses were the 6th largest in history… (While my money is being used to fund it.)

Fuck you.

Washington… I didn’t forget about you… a big UP YOURS to you too for allowing it to happen.

I facilitate in making a +$2Billion a year biologic. I do not make a % of the sales of this biologic. So why should I even have the patience for a banker’s argument concerning their pay structure.

I’m sorry, but firms should not give out the 6th largest bonus payout when there are no investment bank sector left, and the absolute worst performance in banking history. PUTTING THE ENTIRE SYSTEM IN A STATE OF COLLAPSE, and the very fabric of capitalism in question.

Fuck you gents… fuck you.

(I want to see all the former banking/IB CEOs held accountable.)

I am having a hard time understanding how the ‘bad bank’ concept would work. The way I see the economic situation, the global economy fell off a cliff in Sept 2008. The actual US slowdown started about a year earlier, but as the stock market indicated, with its slow decent since Oct 2007, there was a prolonged weakness within the US economy not very noticiable. All the while the residencial housing market was (and is) in a depression. Then LEH was allowed to go bust, and the system collapsed.

So what do we got now…

Bad assets on the banks forcing an increase in capital reserves. So lets create a ‘bad bank’. But what is considered bad? (MBS’, Credit Card debt, commercial real-estate backed securities… what is considered bad?)

This bad situation started with residential housing MBS’ and over leveraging of these assets, now everything is considered bad?

Nothing defines ‘bad’.

I do not want to forget that bad management, via horrible overleveraging and now normal increased deliquencies via recession economics are at fault here. Ultimately bad management put the banking system in this mess, and in capitalism the bad usually get crushed. SO THIS BETTER NOT BE ANY DIFFERENT!

If any current bank participates in this ‘bad bank’ rescue, their common stock should be punished with respect to the asset amount the current bank is taking off their balance sheet.

Capitalism, and more importantly, the act of punishing the idiots, must be maintained. Period.

The man is a good trader, but day-by-day, with articles like these ‘Is this the end of Buffett?’, Kass is losing my respect.

The article serves no purpose other then to remind people that he shorted Berkshire at 140k.  Well I shorted Oil around 140, and called the top, shorted the market over a year ago…etc… but hell, I don’t toot my horn every other day.

For any investor to question Buffett is like an ‘ant’ taking on a ‘lion’. 

His style of investing made him the richest person in the world, dwarfing Kass’ wealth. And yet he stands there proud of his most recent calls on Buffett.  Makes no sense to me.

I am a trader, profited during this time period, but there is no way in hell would I can question an investor’s method of investing as it produced enormous fortune for so many. (maybe i am just too respectful) 

And what really bothers me the most, I am sure with all of Kass’ success at the moment, his net wealth comes no where near Buffett with the strategy Kass employs.

Take your moments of victory (K)ass… but Buffett’s style has a long way before getting dethroned. (And this coming from a trader who pays attention to an entire history, not only the recent 4 months of history.) 

Instead of investigation a man like Steve Jobs, who created massive wealth over the last 10 years, for fiduciary irregularities, why not investigate John Thain (whos final deeds as CEO of Merrill greatly contributed to the current set of market fear, and was grossly not aligned with shareholder interest.)

disgusting.