Mmm, looove morbid humor. The young'uns need to get used to it.

Has anyone made the joke yet about how the Charlotte contractors better be getting ready to turn wine cellars back into mud rooms?

I love Bess Levin

Thats just un-f'ing-believable

They really should arrest people for that shit

I'm confused by Tim's rant. Wasn't his hedge fund a fraud? Sure, it wasn't the scale of Israel's but it seemed pretty fake to me.

Tim will shortly reply with another rant about how the SEC oppresses the little guy and destroyed his fund...

Well, I can check "provoke Tim Sykes" off of my to-do list... now what else do I need to do before the weekend...

$25k? Do you have to show up to get that? Unbelievable.

Research is useful for initiating reports and updates that give you a nice overview of a company. Research is useless for actual investment advice.

http://www.slate.com/id/2195085/

@11:16 It's funny as long as you don't work at LEH. Also, if you do work at LEH, you probably desperately need some gallows humor right now since you're about to lose your job

I want to work there

Carney, where's a link... You seem to have scooped everyone else...

Someone explain to me who's buying Fannie and Freddie stock if it's going to get massively diluted by the government?

I hope its just short covering

So short-selling should be banned because its not nice to bet on someone's failure? Can we also ban investing in the companies that are implicitly dependent on another company's failure? No investing in the telephone, that's betting on the telegraph's failure... No investing in google, that's betting on yahoo's failure... and we definitely have to ban investing in healthcare, that's betting on people getting sick which is truly immoral

Yeah, that's what I get for posting on no sleep. I retract my previous ramblings.

If this new regulation rids the world of Tim Sykes, I'm for it

@9:48, read David Reilly's WSJ article. Back of the envelope he estimates you'd need $25 billion of equity to maintain the current 24x leverage ratio (after some assumed writedowns). His estimates are fairly pessimistic, so maybe its $15 billion or even $5 billion. Whatever it is, its unlikely someone comes up with that much cash. If they went private, they're likely putting more leverage on the firm in order to fund going private.

JC/BL, can we add a disclaimer to every bonus posting that says "Analysts are typically paid in June and associates are paid in January" so that we can dispense with the "what about associates" questions in the summer and the "what about analysts" questions in the winter?

@girl: Drudge's siren is always fantastic. Sarcasm will not be tolerated.

Did Carl Levin just declare war on Switzerland?