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The jokes just keep coming

Scheduled Pinned Locked Moved The Back Room
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  • R Rob Graham

    What does this have to do with smelly feet? I hope I live to see some of these bank CEOs join OJ. Maybe some ambitious state prosecutor will go after them, Or possibly Obama's DOJ. The Bush guys can't give them money fast enough, and Stan wonders why some of us are pissed about this.

    O Offline
    O Offline
    Oakman
    wrote on last edited by
    #3

    Rob Graham wrote:

    I hope I live to see some of these bank CEOs join OJ

    One of the differences between the the crash in '29 and the crash in '08 is that back then people were robbing banks. Now, banks are robbing people.

    Jon Smith & Wesson: The original point and click interface

    S 1 Reply Last reply
    0
    • O Oakman

      I found the latest press release from the Bank of America just too engaging not to pass on. It appears that CEO Ken Lewis, who -- four months ago -- broke his right arm patting himself on the back for snapping up Merril Lynch at bargain-basement prices and doing the whole deal over a single weekend, is now getting an additional cash infusion from all of us who live or work in the States - via his good buddy and golfing partner Hank Paulson - to the tune of twenty billion up front and a guarantee against loss on bad loans made by Merril Lynch to the tune of another one hundred and eighteen fricken billion with a "B" dollars! It seems that, according to Ken, with his whirlwind aquisition from another good buddy, Stan O'Neil (ex CEO of Merril Lynch who just retired with a parachute of 161 million bucks) he bought a pig in a poke and discovered the porker was all baloney. Merril Lynch's balance sheet sucked scissors sideways. There's a phrase that gets thrown around a lot in the world of corporate finance - it's called due diligence. Theoretically, when not enough due dilligence is shown trying to identify any downside to changes in operation, heads will roll. But not, of course, if you are in that little club of friends-of-Paulson. Instead, any problems BoA might incur will be made good by you and by me. Pretty funny, huh? Ken Lewis, by the way, "vigorously disputes" the interpretation of his story that I just related. He says there was no way of knowing how badly Merril Lynch's loans would turn out when he bought it in September. This is a really great joke when you remember that he gets paid the big bucks (7.4 mil @ year) because he's supposed to be able to anticipate these things and protect the shareholders and employees from taking it on the chin. But the biggest joke of all is that Lewis just made a stock distribution to his employees as he was required to do by contract. The stock was valued at $14.17 @ share. Then he announced that BoA need more money from the Feds. Then he announced that he was cutting the dividend from 32 cents a share (last year) to 1 cent. Then he announced that for the first time since 1991, Bank of America lost money for the year. . . Remember that stock worth $14.17? It is now worth $7.18. Can you imagine how the employees are laughing at the great joke Ken played? :laugh: :laugh: :laugh: X|

      Jon Smith & Wesson: The original point and click interface

      J Offline
      J Offline
      JimmyRopes
      wrote on last edited by
      #4

      Oakman wrote:

      one hundred and eighteen fricken billion with a "B" dollars!

      No doubt he asked for one hundred and eighteen fricken trillion with a "T" dollars! :rolleyes: After all these are robber barons bankers we are talking about. They still fly into Washington on the corporate jet.

      Oakman wrote:

      broke his right arm patting himself on the back for snapping up Merril Lynch at bargain-basement prices and doing the whole deal over a single weekend

      Maybe a weekend is not enough time to practice "due diligence". :~

      Simply Elegant Designs JimmyRopes Designs
      Think inside the box! ProActive Secure Systems
      I'm on-line therefore I am. JimmyRopes

      1 Reply Last reply
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      • O Oakman

        I found the latest press release from the Bank of America just too engaging not to pass on. It appears that CEO Ken Lewis, who -- four months ago -- broke his right arm patting himself on the back for snapping up Merril Lynch at bargain-basement prices and doing the whole deal over a single weekend, is now getting an additional cash infusion from all of us who live or work in the States - via his good buddy and golfing partner Hank Paulson - to the tune of twenty billion up front and a guarantee against loss on bad loans made by Merril Lynch to the tune of another one hundred and eighteen fricken billion with a "B" dollars! It seems that, according to Ken, with his whirlwind aquisition from another good buddy, Stan O'Neil (ex CEO of Merril Lynch who just retired with a parachute of 161 million bucks) he bought a pig in a poke and discovered the porker was all baloney. Merril Lynch's balance sheet sucked scissors sideways. There's a phrase that gets thrown around a lot in the world of corporate finance - it's called due diligence. Theoretically, when not enough due dilligence is shown trying to identify any downside to changes in operation, heads will roll. But not, of course, if you are in that little club of friends-of-Paulson. Instead, any problems BoA might incur will be made good by you and by me. Pretty funny, huh? Ken Lewis, by the way, "vigorously disputes" the interpretation of his story that I just related. He says there was no way of knowing how badly Merril Lynch's loans would turn out when he bought it in September. This is a really great joke when you remember that he gets paid the big bucks (7.4 mil @ year) because he's supposed to be able to anticipate these things and protect the shareholders and employees from taking it on the chin. But the biggest joke of all is that Lewis just made a stock distribution to his employees as he was required to do by contract. The stock was valued at $14.17 @ share. Then he announced that BoA need more money from the Feds. Then he announced that he was cutting the dividend from 32 cents a share (last year) to 1 cent. Then he announced that for the first time since 1991, Bank of America lost money for the year. . . Remember that stock worth $14.17? It is now worth $7.18. Can you imagine how the employees are laughing at the great joke Ken played? :laugh: :laugh: :laugh: X|

        Jon Smith & Wesson: The original point and click interface

        7 Offline
        7 Offline
        73Zeppelin
        wrote on last edited by
        #5

        There is a fundamental problem when the financial market rewards those who participate in it while punishing those who do not. Anyways, looks like I've missed quite a bit in the last little while.

        O M 2 Replies Last reply
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        • 7 73Zeppelin

          There is a fundamental problem when the financial market rewards those who participate in it while punishing those who do not. Anyways, looks like I've missed quite a bit in the last little while.

          O Offline
          O Offline
          Oakman
          wrote on last edited by
          #6

          I was hoping you'd check in. How is your life going?

          73Zeppelin wrote:

          There is a fundamental problem when the financial market rewards those who participate in it while punishing those who do not.

          From out here in the cold (it was 9f when I got up this a.m. so it's not just a metaphor) it appears that those who are rewarded and those who determine the rewards are the same people - is that what you mean?

          Jon Smith & Wesson: The original point and click interface

          M 7 2 Replies Last reply
          0
          • O Oakman

            I was hoping you'd check in. How is your life going?

            73Zeppelin wrote:

            There is a fundamental problem when the financial market rewards those who participate in it while punishing those who do not.

            From out here in the cold (it was 9f when I got up this a.m. so it's not just a metaphor) it appears that those who are rewarded and those who determine the rewards are the same people - is that what you mean?

            Jon Smith & Wesson: The original point and click interface

            M Offline
            M Offline
            Mustafa Ismail Mustafa
            wrote on last edited by
            #7

            Oakman wrote:

            it appears that those who are rewarded and those who determine the rewards are the same people

            That is tragically sad and corrupt on so many levels.

            Don't forget to vote if the response was helpful


            Sig history "dad" Ishmail-Samuel Mustafa Unix is a Four Letter Word, and Vi is a Two Letter Abbreviation

            1 Reply Last reply
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            • 7 73Zeppelin

              There is a fundamental problem when the financial market rewards those who participate in it while punishing those who do not. Anyways, looks like I've missed quite a bit in the last little while.

              M Offline
              M Offline
              Mustafa Ismail Mustafa
              wrote on last edited by
              #8

              Well look who showed up :) Swamped with work?

              Don't forget to vote if the response was helpful


              Sig history "dad" Ishmail-Samuel Mustafa Unix is a Four Letter Word, and Vi is a Two Letter Abbreviation

              7 1 Reply Last reply
              0
              • O Oakman

                I was hoping you'd check in. How is your life going?

                73Zeppelin wrote:

                There is a fundamental problem when the financial market rewards those who participate in it while punishing those who do not.

                From out here in the cold (it was 9f when I got up this a.m. so it's not just a metaphor) it appears that those who are rewarded and those who determine the rewards are the same people - is that what you mean?

                Jon Smith & Wesson: The original point and click interface

                7 Offline
                7 Offline
                73Zeppelin
                wrote on last edited by
                #9

                Oakman wrote:

                I was hoping you'd check in. How is your life going?

                Meh. I had some health problems in 2005/2006 that appear to have returned - all rather unpleasant. So, at 35 years old, I'm starting a strict diet (high fibre, no alcohol) and a regimen of NSAIDS. It's awful, bland, and involves yearly checks for the rest of my life. I can think of better things to do. Adding insult to injury, my wife now tells me that she only pushes wheelchairs downhill...heh.

                Oakman wrote:

                From out here in the cold (it was 9f when I got up this a.m. so it's not just a metaphor) it appears that those who are rewarded and those who determine the rewards are the same people - is that what you mean?

                I used to regularly experience temperatures in the range of -31F when I was living in northern Ontario, so I think you've got it pretty good. And yeah, basically I meant investment bankers who were accustomed to generating huge profits and receiving large bonuses for taking on excessive risk. When that strategy failed, Joe-taxpayer had to foot the bill. So the risk-takers (participants) got rewarded while the non-participants (tax-payers) got left with the bill.

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                • M Mustafa Ismail Mustafa

                  Well look who showed up :) Swamped with work?

                  Don't forget to vote if the response was helpful


                  Sig history "dad" Ishmail-Samuel Mustafa Unix is a Four Letter Word, and Vi is a Two Letter Abbreviation

                  7 Offline
                  7 Offline
                  73Zeppelin
                  wrote on last edited by
                  #10

                  Mustafa Ismail Mustafa wrote:

                  Well look who showed up Swamped with work?

                  No, some unwanted/unexpected health issues. Excessive work would be preferable.

                  M 1 Reply Last reply
                  0
                  • 7 73Zeppelin

                    Mustafa Ismail Mustafa wrote:

                    Well look who showed up Swamped with work?

                    No, some unwanted/unexpected health issues. Excessive work would be preferable.

                    M Offline
                    M Offline
                    Mustafa Ismail Mustafa
                    wrote on last edited by
                    #11

                    That sucks, sorry man. Not too bad I hope.

                    Don't forget to vote if the response was helpful


                    Sig history "dad" Ishmail-Samuel Mustafa Unix is a Four Letter Word, and Vi is a Two Letter Abbreviation

                    7 1 Reply Last reply
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                    • M Mustafa Ismail Mustafa

                      That sucks, sorry man. Not too bad I hope.

                      Don't forget to vote if the response was helpful


                      Sig history "dad" Ishmail-Samuel Mustafa Unix is a Four Letter Word, and Vi is a Two Letter Abbreviation

                      7 Offline
                      7 Offline
                      73Zeppelin
                      wrote on last edited by
                      #12

                      Mustafa Ismail Mustafa wrote:

                      That sucks, sorry man. Not too bad I hope.

                      Without intentionally playing the sympathy card, it's kind of serious. As a side note: if anyone 50 years old and over reads this, I just want to mention that it's important for them to talk to their doctor about screening procedures for GI cancers. While it seems a little bit unpleasant, a simple procedure can easily save your life. Don't be embarassed to talk about it with your family doctor.

                      O M J 3 Replies Last reply
                      0
                      • O Oakman

                        Rob Graham wrote:

                        I hope I live to see some of these bank CEOs join OJ

                        One of the differences between the the crash in '29 and the crash in '08 is that back then people were robbing banks. Now, banks are robbing people.

                        Jon Smith & Wesson: The original point and click interface

                        S Offline
                        S Offline
                        Sahir Shah
                        wrote on last edited by
                        #13

                        Oakman wrote:

                        people were robbing banks. Now, banks are robbing people.

                        heheh! good one! 5

                        O 1 Reply Last reply
                        0
                        • 7 73Zeppelin

                          Mustafa Ismail Mustafa wrote:

                          That sucks, sorry man. Not too bad I hope.

                          Without intentionally playing the sympathy card, it's kind of serious. As a side note: if anyone 50 years old and over reads this, I just want to mention that it's important for them to talk to their doctor about screening procedures for GI cancers. While it seems a little bit unpleasant, a simple procedure can easily save your life. Don't be embarassed to talk about it with your family doctor.

                          O Offline
                          O Offline
                          Oakman
                          wrote on last edited by
                          #14

                          You know I'm in your corner. And I agree - you get the real kind of man points for getting a checkup, and eating something besides salt and grease.

                          Jon Smith & Wesson: The original point and click interface

                          7 1 Reply Last reply
                          0
                          • 7 73Zeppelin

                            Mustafa Ismail Mustafa wrote:

                            That sucks, sorry man. Not too bad I hope.

                            Without intentionally playing the sympathy card, it's kind of serious. As a side note: if anyone 50 years old and over reads this, I just want to mention that it's important for them to talk to their doctor about screening procedures for GI cancers. While it seems a little bit unpleasant, a simple procedure can easily save your life. Don't be embarassed to talk about it with your family doctor.

                            M Offline
                            M Offline
                            Mustafa Ismail Mustafa
                            wrote on last edited by
                            #15

                            :rose:

                            Don't forget to vote if the response was helpful


                            Sig history "dad" Ishmail-Samuel Mustafa Unix is a Four Letter Word, and Vi is a Two Letter Abbreviation

                            1 Reply Last reply
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                            • S Sahir Shah

                              Oakman wrote:

                              people were robbing banks. Now, banks are robbing people.

                              heheh! good one! 5

                              O Offline
                              O Offline
                              Oakman
                              wrote on last edited by
                              #16

                              Welcome back from the world of biological weapons, Stinky.

                              Jon Smith & Wesson: The original point and click interface

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                              • O Oakman

                                You know I'm in your corner. And I agree - you get the real kind of man points for getting a checkup, and eating something besides salt and grease.

                                Jon Smith & Wesson: The original point and click interface

                                7 Offline
                                7 Offline
                                73Zeppelin
                                wrote on last edited by
                                #17

                                Oakman wrote:

                                - you get the real kind of man points for getting a checkup

                                Thanks. The worst part of a colonoscopy (and I've been through 8 of them, to date) is the preparation. It is necessary to drink 4 and 1/2 litres of solution in 2 hours and refrain from food for over 12 hours (try it some time for fun :-D ). The actual procedure itself takes only about 15-20 minutes - and you're sedated the whole time. Like I said, the worst part is the preparation and the anxiety of waiting for test results if they find anything. Anways, I know there's some 50 years + types who read this board, so I'll say don't worry about the stigma/embarassment and just talk to your doctor about whether it's important for you to be screened (family history, change in bowel habits). Maybe I help nobody, maybe I help one person. That's the health message for the day! ;)

                                O S 2 Replies Last reply
                                0
                                • 7 73Zeppelin

                                  Oakman wrote:

                                  - you get the real kind of man points for getting a checkup

                                  Thanks. The worst part of a colonoscopy (and I've been through 8 of them, to date) is the preparation. It is necessary to drink 4 and 1/2 litres of solution in 2 hours and refrain from food for over 12 hours (try it some time for fun :-D ). The actual procedure itself takes only about 15-20 minutes - and you're sedated the whole time. Like I said, the worst part is the preparation and the anxiety of waiting for test results if they find anything. Anways, I know there's some 50 years + types who read this board, so I'll say don't worry about the stigma/embarassment and just talk to your doctor about whether it's important for you to be screened (family history, change in bowel habits). Maybe I help nobody, maybe I help one person. That's the health message for the day! ;)

                                  O Offline
                                  O Offline
                                  Oakman
                                  wrote on last edited by
                                  #18

                                  73Zeppelin wrote:

                                  4 and 1/2 litres of solution

                                  I don't know if you know this, but barium tastes better (not good, just better) if you drink it with one of those kiddy-straws that has cocoa powder inside. The doctor, of course, will think you are crazy.

                                  Jon Smith & Wesson: The original point and click interface

                                  7 1 Reply Last reply
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                                  • O Oakman

                                    73Zeppelin wrote:

                                    4 and 1/2 litres of solution

                                    I don't know if you know this, but barium tastes better (not good, just better) if you drink it with one of those kiddy-straws that has cocoa powder inside. The doctor, of course, will think you are crazy.

                                    Jon Smith & Wesson: The original point and click interface

                                    7 Offline
                                    7 Offline
                                    73Zeppelin
                                    wrote on last edited by
                                    #19

                                    Oakman wrote:

                                    I don't know if you know this, but barium tastes better (not good, just better) if you drink it with one of those kiddy-straws that has cocoa powder inside. The doctor, of course, will think you are crazy.

                                    In my case, polyethylene glycol with electrolytes sickly sweetened with aspartame. What goes in one end must come out the other... :rolleyes:

                                    O 1 Reply Last reply
                                    0
                                    • 7 73Zeppelin

                                      Oakman wrote:

                                      I don't know if you know this, but barium tastes better (not good, just better) if you drink it with one of those kiddy-straws that has cocoa powder inside. The doctor, of course, will think you are crazy.

                                      In my case, polyethylene glycol with electrolytes sickly sweetened with aspartame. What goes in one end must come out the other... :rolleyes:

                                      O Offline
                                      O Offline
                                      Oakman
                                      wrote on last edited by
                                      #20

                                      73Zeppelin wrote:

                                      What goes in one end must come out the other...

                                      Making sure that happens is one of polyethylene glycol's most common uses X| . How is your wife handling this?

                                      Jon Smith & Wesson: The original point and click interface

                                      7 1 Reply Last reply
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                                      • O Oakman

                                        I found the latest press release from the Bank of America just too engaging not to pass on. It appears that CEO Ken Lewis, who -- four months ago -- broke his right arm patting himself on the back for snapping up Merril Lynch at bargain-basement prices and doing the whole deal over a single weekend, is now getting an additional cash infusion from all of us who live or work in the States - via his good buddy and golfing partner Hank Paulson - to the tune of twenty billion up front and a guarantee against loss on bad loans made by Merril Lynch to the tune of another one hundred and eighteen fricken billion with a "B" dollars! It seems that, according to Ken, with his whirlwind aquisition from another good buddy, Stan O'Neil (ex CEO of Merril Lynch who just retired with a parachute of 161 million bucks) he bought a pig in a poke and discovered the porker was all baloney. Merril Lynch's balance sheet sucked scissors sideways. There's a phrase that gets thrown around a lot in the world of corporate finance - it's called due diligence. Theoretically, when not enough due dilligence is shown trying to identify any downside to changes in operation, heads will roll. But not, of course, if you are in that little club of friends-of-Paulson. Instead, any problems BoA might incur will be made good by you and by me. Pretty funny, huh? Ken Lewis, by the way, "vigorously disputes" the interpretation of his story that I just related. He says there was no way of knowing how badly Merril Lynch's loans would turn out when he bought it in September. This is a really great joke when you remember that he gets paid the big bucks (7.4 mil @ year) because he's supposed to be able to anticipate these things and protect the shareholders and employees from taking it on the chin. But the biggest joke of all is that Lewis just made a stock distribution to his employees as he was required to do by contract. The stock was valued at $14.17 @ share. Then he announced that BoA need more money from the Feds. Then he announced that he was cutting the dividend from 32 cents a share (last year) to 1 cent. Then he announced that for the first time since 1991, Bank of America lost money for the year. . . Remember that stock worth $14.17? It is now worth $7.18. Can you imagine how the employees are laughing at the great joke Ken played? :laugh: :laugh: :laugh: X|

                                        Jon Smith & Wesson: The original point and click interface

                                        P Offline
                                        P Offline
                                        pseudonym67
                                        wrote on last edited by
                                        #21

                                        I'm sure if you ask Gordon nicely he'll print you some money up, he's doing it for our banks so whats a few extra 0's between friends.

                                        pseudonym67 My Articles[^] Beginning KDevelop Programming[^]

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                                        • O Oakman

                                          73Zeppelin wrote:

                                          What goes in one end must come out the other...

                                          Making sure that happens is one of polyethylene glycol's most common uses X| . How is your wife handling this?

                                          Jon Smith & Wesson: The original point and click interface

                                          7 Offline
                                          7 Offline
                                          73Zeppelin
                                          wrote on last edited by
                                          #22

                                          She's fine. We went through this in 2006.

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