Monday, March 30, 2009

He bought it.

Obama now owns the problems of GM and the auto industry. By forcing out the GM CEO, Obama now becomes the face of the auto industry and will be perceived by the public as its savior or its destroyer. Politically, this seems to be an error, but I suppose he needs a CEO scalp to wave when the US provides DIP* financing for the auto industry. [*DIP means debtor in possession financing in bankruptcy, which is super-senior before all other creditors.]

Timmy Geitner blabs again about banks needing capital, without specifics. Why does he do this ? More and more, he is showing himself to be a minor league player in the "Show". The bears are attacking this morning with all markets down sharply, thanks to Timmy. Hello Timmy ... shut up until you have something clear to say and do.

Personally, I'm happy to see a pullback. My sales in Obama Fund combined with the new money in April mean I can re-load and add at lower prices.

French newspapers have much talk about new restrictions on executive pay. Over the weekend, I commented to another that it seems the left was right when complaining over the past 15 years that executive pay compared to the pay of the average worker was out of line. We now see that such executive pay was wasted and did not conduce lasting value. Shareholders and Boards of Directors really blew it in paying these guys so much while stock prices were rising, as many were taking excessive risks and inflating stock prices with buybacks, tax tricks, etc., when business growth and debt paydown would made been correct behavior.

[ Did you notice that 'clever' contraPUNtal expression - the "left was right" ? ]

G20 b***s*** [that's 'connerie' in French] is all over the news. Ugh ... this reminds me of Davos: the godlike government leaders to be our saviors.

That reminds me - a friend mentioned a link to a South Park episode which is so hilarious, I was convulsing with laughter for 20 minutes. This is the same one which a loquacious commentor mentioned a few days ago in the comments. Here is a link to view it online.

http://www.xepisodes.com/episodes/1303/Margaritaville.html

Word of the Day

"Tacit" - adjective [$10]; an easy one from the files
Tacit means understood or implied without being stated.
Sentence: Bankrupcty restructuring for GM and Chrysler is the tacit message of the weekend's leaks about the auto industry. This is no surprise to anyone who is realistic about the industry and companies.

Le Mot du Jour

"Encadrer" - verb, regular -er conjugation.
Encadrer means 1. to frame; 2. to train and supervise, to restrict, to take in hand; to frame, to surround.
La Phrase: Nouvelle conduite par les actionnaires devrait encadrer les rémunérations des diregeants des entreprises. S'ils n'est pas stupides.
Sentence: New supervision by shareholders should restrict the remuneration of executives of companies. If they aren't stupid.

70 comments:

mern said...

so i see mister dimon said march has been a rough month after gud febs and jans. so did mister lewis.
hmmmmmmmm, these whales short the tape?

saw phils/sox yesterday. got a sweet victorino shirt and a funny aroid tshirt. has a big need and aroid, right on the shirt

http://www.rollingstone.com/rockdaily/index.php/2009/03/20/talk-show-flashback-jerry-garcia-chats-with-hugh-hefner-on-playboy-after-dark/

thats from the hugh hef show in 69, with the dead. i think that is pretty cool.

i will not watch the view today, with the dead. i frankly almost puked when i saw they were doing that gig. stupid jill lesh!

Bunkerman said...

Yes, I thought those comments odd. Unless some corporate defaults, comercial mortage defaults hit. They should get out of trading except for customers.

Bunkerman said...

They didn't look too happy after seeing Obama. Maybe eventually the truth of that meeting wil come out.

Or they say him as a fool or leftist nut and got worried.

Bunkerman said...

I wonder if Bud broke 100 ?

Frosty said...

Bunky...by the time the # is posted yhoo hcp no doubt in the 80's...mark to market style.

mfl59 said...

Charles Barkley had him 2 down at the turn....I'm not sure what happened on the back nine...

Spin-em said...

bud clam soup Liz leftovers

Bunkerman said...

well, with the new clubs, lessons, etc., it's down to human error.

;)

Spin-em said...

Barry the only question I have...Where do we pickup "the peoples uniform jumpsuits"?...

Spin-em said...

F.....a mans car/truck....

Frosty said...

Bunky a GM man...gold mist and hummdinger parts stacked to the barn roof, next to the stash of spam...Mrs B a ford gal, I think so, she's the best.

Spin-em said...

Bunk...Obama Mr GoodWrench now owns the Gm shop ..tell him to "spit shine" it when ya pick it up for service....

Frosty said...

GS...would like to see a test of the 50 level to set up the moon shot to 200.

Bunkerman said...

Mrs. B likes her Lexus.

My H1 Hummer is not a GM vehicle - made by American General, who make the military vehicle, and other miltary vehicles.

But the caddy is. I'm glad Obama is backing my warranty.

As for Spin's monkeyshine ...

;)

mern said...

1/2 of what i need to move to costa rica just played out.

i dont work anymore.

wud have liked to selling the fucking house, first!

GODFUCKING DAMNIT I HATE THIS FUCKING DECADE!

where is my gun? goddamn it, i gave it away!

stupid depressflation!!!!!!!!!!

Spin-em said...

liz/jim pump.. get out of most on pump leavin Bud holdin a bag of shit....feelin used like a Deadwoood Ho....."sharkinvesting rules!!"

thanks jim

quiet as a mouse...."what a punk"

mern said...

John Winger: I've had an interesting morning. In the last two hours I've lost my job, my apartment, my car, and my girlfriend.
Russell Ziskey: You still have your health.

im going to the bloated liver and drown mine............

Bud said...

sorry to hear that mern

this is a rough economy to be out of work in.........maybe costa rica isn't such a bad idea after all


i did read some signs of hope in real estate.........so maybe you will be able to sell

Bud said...

listen you f'ng douchebag


i'm hungover.....partied all weekend


no used ho........no holding the bag.......sharkinvesting.com does rock!!!!


spin.......what a punk

mfl59 said...

you gonna leave us hanging?

what was the final tally?

Bud said...

you know something bob.......i'm a vw passat man...........and i'm gonna drive over in it and knock your f'ng teeth out !!!!!


i never said GS was goin to 200........i said i wish it would......means the bull market is back




tete de noeud indeed

Bud said...

where's my 50bux ace ???


no balls in the water........shot 93 and 94 this weekend.......wedges are sweet...........i know my yardages now.......and the swing changes are comin along


ace............another f'ng douchebag ....oh wait......he's a punk

mfl59 said...

oh my.....MVP MVP MVP

mfl59 said...

93....2 mulligans a side...anything from 5 feet and in is good....so thats about a 106...

Bud said...

lmaoooooooooooooooooooo


how many f'ng times i gotta tell you.....i don't take mulligans !!!!




PS........bunker game the reason i didn't break 90



1 hole each round........took 3 shots to get out of the trap



PPS.............looks like i'll be spending couple100 bux on bunker lessons..........no problem........thanks jim

Bud said...

and yes.............i am red today


but unlike you cry-babies............i don't blame others for my bad trades.....i take responsibilty......and i try to learn from them so i don't repeat them


y'all are a bunch of faggot whiny pussies

Spin-em said...

hangover gone....ITS Abara din mubank Ho MIRACLE!!



How does a single player get out on the weekends..do you have to pay for four players?

Frosty said...

"took 3 shots to get out of the trap"...thought you people thrived in the sand...odd indeed.

Spin-em said...

you just cant take it when the sandals on the other foot....

Bud said...

'thrived in the sand'


LMAOOOOOOOOOOOOOOOOOOOOOOOOOO


well played bob.......well played indeed

mfl59 said...

Youd better get your game in shape for the 1st annual Bunkerboyz golf outing....to be held at Bunkys country club this summer

Spin-em said...

no biggie merny..something will turn up....

Bunkerman said...

uh ... Bunkie's country club is the gun club.

Rods, roscoes, etc. permitted.

Full auto preferred.

No "clubs"

mfl59 said...

I thought you mentioned going ro a mixer at the club a few weeks back?

Bunkerman said...

Oh .. I took my roscoe out to the range Saturday for some .38 practice (right & left handed).

J'était magnifique, bien sûr.

I love the smell of gunpowder and that comfortable thump in my hand ...

Bunkerman said...

sheesh mfl .. what weak bait.

Bunkerman said...

Unless you meant the New York Athletic Club - true, I am a member there.

Bunkerman said...

jeez my Fench sucks still.

J'étais magnifique, bien sûr.

mern said...

this wasnt a shocker.

i just wished the house moved before i got canned.

now i got cindy up my azz for more money, too, becuase the dog shop went under i the owner defaulted on her loan.

i had to guarantee her that 10 grand which is down to 8.

i aint gonna get an attorney, im just gonna igore the whole thing.

i watched the dead on the view and i was ROFLLLLLLLL. that was terrible!

"brotherhood" what BS.

more like we need money! lets see the market tanked in 2001 and the reunited in 2002. it blew up in 2008 and the reunited in 2009.........................

they cant stand each other, and it shows in the energy of the music. ill take ratdog or phil and friends any day over that tripe.

Frosty said...

"that comfortable thump in my hand...right & left handed."...can switch hands and not skip a beat...is rosey palmer a member sir.

mern said...

whats funny ( not really) is ive been looking for a job since august and had 2 interviews.......................

glad i dont smoke cigs, 99 cent tax increase? wow

gas going up too.

depresswhat?

i know i know cars r getting cheaper.

wait till 2012 and palin get a shot to fix this with a wink and smile (oh and lots of praying).

ya costa rica looks better long term, no doubt about it!

Bunkerman said...

that's a Smith & Wesson in my hand, frosty

;)

Frosty said...

what was that thud...was that an earthquake in florida...nonono, just Merny falling off the wagon.

mern said...

actually that was yesterday at the phils game. i got naked in hooters across the street from the stadium and almost arrested.

the girl im dating does put up with mern, so i put him away.

he came out yesterday and it was ugly!

mfl59 said...

a new girl??? wow...you dont waste any time mern....

Bud said...

what was that thud ???..........was that an earthquake in south alaska..........no, just bob making acquaintances with my left jab and right hook

mfl59 said...

you taking boxing lessons as well Bud?

mern said...

its been 8 months.

first there was the 23 yr old.

i dated a few others once or twice.

ive been dating bianca since early jan.

she has 2 kids, but a gud job, and is very smart. she likes the dead, too.

hard to get real serious becuase of the kids and i may move, far away. (the kids get attached fast and i dont want to hurt them.)

Frosty said...

you sir are nonono Haider Ali and this isn't the common wealth games...JBLU has a non stop for $119, you won't need a return flight...I can spot ya if your a lil short after a long week in the tank.

mfl59 said...

oh my mistake...I thought you had dumped her...

mern said...

we took a break.

she chilled out, and we have been dating, again, for the past few weeks.

Spin-em said...

" i got naked in hooters across the street from the stadium and almost arrested."

roflmaoooooooooooooooooo

Spin-em said...

how many beerz did yo have at the game?...no bs

mern said...

i started at 1030. drank 4 in the parking lot, miller lites. then maybe, i dont know, 7 or 8 more. those were 16oz, i believe.

when i was naked i was yelling in very slurred speech (according to my sober friend) "fucking bitches, i hate all of u!!!!!!!!!!"

he said i continued flicking every car off and screaming out the window the entire ride home. he said that was the most wasted he ever saw me. ive known him the last 15 yrs, and lived with him in 1996.

we were getting hi in the bathroom too, so that didnt help.

;-)

mern said...

my real estate agent wants me to drop my price from 239 to 200.

that wud be a 50k loss.

wonderful!

mern said...

those aggravated assualt charges dont look so gud on my u4.

at least i wasnt convicted.......

maybe ill fork over 6 grand and go back to trading.

oh wait, id rather die first! than trade.

Bud said...

ummm frosty............you don't wanna go there.............let's just have some fun and a few laughs

did i tell you about that bully in jr high ??? he was eating his lunch thru a straw for the rest of the school year



PS.....why wud i be short ?? sharkinvesting.com rules !!!

Bunkerman said...

Shark is very good ... broiled with some garlic butter.

;)

mfl59 said...

pretty impressive going back to fight a kid in junior high after the stresses at iowa state...kudos

Spin-em said...

looooooooooooooooool wow

Your sober friend wear a bag over his head or one of those wrestling masks??

Spin-em said...

Bud about Rev buying like a maniac friday spot on....

"helluva job Sal"

tejasjeff said...

Shark is very good ... broiled with some garlic butter.
LOL Bunkman


Scott Aka Lizzard King is the asset in that room imo. He put in tons of above and beyond call of duty work in names,lists commentary etc.
A LOT of the stage "alerts" were straight off Trade Ideas scanning program.
No suprise,it picks up stuff that is movinbg with lots of supporting data.
I enjoyed the time in the tank, learned a lot and made some trading friends.
No regrets .I do wish I could figure out to make a living writing to sheep instead of trading ,it would be a lot less stressful.

tejasjeff said...
This comment has been removed by the author.
tejasjeff said...

Soros -what a prick.
Talks lovingly of his country until he can screw it.

The State Financial Supervisory Authority (PSZÁF) imposed a record EUR 1.6 million fine on the New York-based Soros Fund Management last week for breaking rules on influencing the market while trading on the Budapest Stock Exchange.

In a statement to state news agency MTI, Hungarian-born billionaire financier George Soros said he was “sincerely sorry” about the share deal that led to the penalty. Soros Fund Management made a last-minute bulk sale of stock in the Hungarian bank OTP on 9 October. PSZÁF said the transaction led to the price of OTP stock plummeting by over 14 per cent.

Sincerely sorry he got caught more like it.
You loathe this guy Bunkman?

Spin-em said...

my real estate agent wants me to drop my price from 239 to 200.

that wud be a 50k loss.

wonderful!

that means he thinks you'll take 190

mern said...

duh
paid 245

mern said...

246

mern said...

im not gonna do that! i can wait. im still worth almost a mil, no debt

Spin-em said...

attaboy mern..now that that's settled....you take girl and 2 kids to Sea World..prolly can get 8 tiny beerz for free.....

Bunkerman said...

Soros is just another greasy hog ...

I only like him when he agrees with me.