2010
Costco Membership Discount Coupon - Save Up to $50 OFF A New Costco Membership!
Filed Under (Investor News) by Admin on 05-05-2010
May 05, 2010: The annual cost of a basic Costco Gold Star membership is $50, while that of an Executive Membership is $100. Today we found a couple of special sign up codes, which will give you two months of FREE Costco membership when you join Costco online using any Amex card. In addition, Executive Members will get a $10 Costco Cash Card.
2010
Goldman Sachs CDO?
Filed Under (Hedge Funds) by Admin on 04-05-2010
Caveat emptor, caveat venditor, caveat utilitor. Buyers, sellers and users beware of opposite outcomes. What if the Timberwolf and Abacus deals had gone up? Buyers treated now as gurus for perspicacious positioning? Goldman Sachs cited for not disclosing to loser shorts that longs were betting against them? Michael Lewis writing “The Big Long” about credit experts picking off bears in the doomsday machine? Gregory Zuckerman on the “The Worst Trade Ever” how an obscure merger arbitrage specialist called John Paulson went out of business style drifting into subprime CDOs? Magnetar sucked into black hole oblivion? Dr. Michael Burry back on 18 hour shifts at the hospital? Would it be on front pages? Would there be a case? Rely on deal arrangers or do your own homework?
Today I took the risk of renting a car. Driving out of the airport I saw some moving in the OPPOSITE direction. The deal documentation had NO disclosure about this risky two-way flow. Due diligence revealed that despite heavy regulation and licensing, these dubious inventions kill over 1,000 people each DAY from such collisions! Again zero mention of this fact in the legal paperwork. Did they commit fraud by failing to inform of the dangers. I even saw a “rogue” employee knowingly bet against me going north while I was heading south. Such conflicts of interest and idiotic innovation needs to stop before more people die using toxic products like cars. Ban derivatives trading so ban driving since it is more hazardous? The world thrived for a long time before “monstrousities” like C-D-Os and C-A-Rs were created. Get CDOs wrong and just lose money but with CARs it is lives.
2010
Goldman Sachs hedge fund?
Filed Under (Hedge Funds) by Admin on 03-05-2010
Caveat emptor, caveat venditor, caveat utilitor. Buyers, sellers and users beware of opposite outcomes. What if with the Timberwolf or Abacus deals the reverse had happened? Buyers treated now as gurus for their perspicacious positioning? Goldman Sachs cited for not disclosing to loser shorts that longs were betting against them? Michael Lewis writing “The Big Long” about credit experts picking off bears daring to enter the doomsday machine? Gregory Zuckerman on the “The Worst Trade Ever” how an obscure merger arbitrage specialist called John Paulson went out of business through style drift into subprime CDOs? Magnetar sucked into black hole oblivion? Dr. Michael Burry back on 18 hour shifts at the hospital? Would it be on front pages? Would there be a case? Rely on deal arrangers or do your own homework?
I just took the risk of renting a car here. Driving out of the airport I saw some vehicles moving in the OPPOSITE direction. Amazingly the deal documentation had NO disclosures about this risky two-way flow. Due diligence revealed that despite heavy regulation and licenses, these dubious inventions kill over 1,000 people each DAY from such collisions! Again zero mention of this fact in the legal paperwork. Did they commit fraud by failing to inform of the dangers. I even saw a “rogue” employee betting against me going north while I was heading south. Such conflicts of interest and idiotic innovation needs to stop before more people die in toxic products like cars! Ban derivatives trading so ban driving since it is more hazardous? The world thrived for a long time before “monstrousities” like C-D-Os and C-A-Rs were created. Get CDOs wrong and just lose money but with CARs it is real lives.