Shorters in BIG trouble !!!!

[MarillionFan]

Got to say whoever opened that massive short on HBOS at 1quid earlier has been stung. Theres going to be an investment team somewhere ready to hang themselves.

[AtW]

Originally Posted by sasguru

Eh what's your point?

The point is that so long as I invest my own money into my own business it is none of your business. Additional point is that not many of the working in the City would do anything like this - pathetic to see well paid Lehman employees worried if they get their last paycheck - the ****rs don't seem to be worried about investors that they ****ed, pension funds etc, the ***ts are worried if they get paid in the last month!

Originally Posted by sasguru

BTW SKA has even less chance of success now (if it ever did) as companies will become as tight as a nun's wotsit.

In any case my opinion on matters does not depend on whether I personally benefit or not - SKA chances are irrelevant to this discussion.

However I am pleased to say that our chances are actually increasing at the moment. Stay tuned for big SKA news soon.

[AtW]

Originally Posted by MarillionFan

Got to say whoever opened that massive short on HBOS at 1quid earlier has been stung. Theres going to be an investment team somewhere ready to hang themselves.

How is work at VM going? Shares took some beating even before current troubles

[sasguru]

Originally Posted by AtW

Stay tuned for big SKA news soon.

You've been saying that for years now. I used to believe you.
Now it seems you have lost touch with reality. But of course the last person to find that out will be you.

[snaw]

Originally Posted by AtW

Additional point is that not many of the working in the City would do anything like this - pathetic to see well paid Lehman employees worried if they get their last paycheck - the ****rs don't seem to be worried about investors that they ****ed, pension funds etc, the ***ts are worried if they get paid in the last month!

Which ones - the backoffice staff, the IT staff, the people who make a living off the money they spend?

I know a fair few people who do front office, traders, IB etc. Traders I can take or leave, but the IB people especially work harder than any other profession I've came across - my missus used to be one. They get paid well, but they fully deserve it because they put in hours, and are under pressures you've got absolutely no clue about. Some people in that org made a call to bet on the sub-prime market, and everyone suffered - the majority paid the prices.

[AtW]

Originally Posted by snaw

I know a fair few people who do front office, traders, IB etc. Traders I can take or leave, but the IB people especially work harder

Hitler was also working very hard. Lenin and Stalin too. Working hard is therefore not exactly the main indicator. The world have been better off if all City boys were on indefinite garderning leave, at least this way the only thing they would fk up going to be their own gardens, which is a pity in a way but at least their negative impact would be limited.

Some people in that org made a call to bet on the sub-prime market, and everyone suffered - the majority paid the prices.

No bank should have bet so much on single thing - that's criminal bank management for which I expect to see some of Lehman Brothers to go to jail for - the whole point of bank business is to diversify, not only they bed the farm on essentially one thing, they also heavily leveraged so tha they bet 10 (!) farms of even more, they did that to increase profits from leverage, from the money they never had, but now losses are catching up with them so they are getting far bigger loss than they could have possible handled. How the fk this kind of bet got past risk control? I tell you how - they got short term huge bonuses and they knew they would not go to prison for stuff liek this. Well, I sure hope they were wrong about the last one!

[AlfredJPruffock]

Originally Posted by AtW

No bank should have bet so much on single thing - that's criminal bank management for which I expect to see some of Lehman Brothers to go to jail for -!

So who is the biggest criminal - he whom would rob a bank - or he whom would own a bank ?

[AtW]

Originally Posted by AlfredJPruffock

So who is the biggest criminal - he whom would rob a bank - or he whom would own a bank ?

I don't have problem with bank owners. I bank with LTSB and I was pleased to observe they were very conservative with those subprime games - bank should not engage in this crap, the sole role of the bank should be to keep money safe.

However whoever robs the bank and clients by exploiting their position of being bank owner should get far more years in jail than some bog standard bank robber trying it on a local branch.

[AlfredJPruffock]

Originally Posted by AtW

I don't have problem with bank owners. I bank with LTSB and I was pleased to observe they were very conservative with those subprime games - bank should not engage in this crap, the sole role of the bank should be to keep money safe.

However whoever robs the bank and clients by exploiting their position of being bank owner should get far more years in jail than some bog standard bank robber trying it on a local branch.

Yes - I agree with you there.

[snaw]

Originally Posted by AtW

Hitler was also working very hard. Lenin and Stalin too. Working hard is therefore not exactly the main indicator. The world have been better off if all City boys were on indefinite garderning leave, at least this way the only thing they would fk up going to be their own gardens, which is a pity in a way but at least their negative impact would be limited.

Sorry, you're equating financial workers with Hitler and Stalin?

I give up.