tag:blogger.com,1999:blog-18079728.post7939341216264743835..comments2023-11-02T07:30:03.967-07:00Comments on Cassandra Does Tokyo: Learning to Lie"Cassandra"http://www.blogger.com/profile/17412381249313151515noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-18079728.post-89143962845545146782007-11-09T06:04:00.000-08:002007-11-09T06:04:00.000-08:00Old Vet, given the acceleration and deterioration ...Old Vet, given the acceleration and deterioration of a;ll things credit, and the size of their class 2 & class 3 assets, they will find it difficult to remain mum for too long. <BR/><BR/>Manc Trader - Tnx for sharing that. My older two (girls) are atrocious liars with my oldest breaking down into tears even before she's been accused, and my middle one precisely the portrait in the post. My "Cassandra"https://www.blogger.com/profile/17412381249313151515noreply@blogger.comtag:blogger.com,1999:blog-18079728.post-55426147851191114722007-11-09T05:20:00.000-08:002007-11-09T05:20:00.000-08:00Nice post. My kids are exactly the same the world...Nice post. My kids are exactly the same the worlds most transparent liars and terrible lie detectors.<BR/>My son situational understanding is also terrible. He is the one still laughing and giggling when the teacher is at the end of her rope and looking to make an example of one of her wards.<BR/>Oh well there is hope as they are still young.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-74550302915533473482007-11-08T12:31:00.000-08:002007-11-08T12:31:00.000-08:00What about GCS? How about: not a negative word i...What about GCS? How about: not a negative word is spoken till the water-walkers get their bonus checks and they're cashed?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-26080977089041897272007-11-08T09:07:00.000-08:002007-11-08T09:07:00.000-08:00I had lunch with an old friend/ quite senior NY ma...<I/>I had lunch with an old friend/ quite senior NY manager...</I><BR/><BR/>Super nice touch, M.Charles Butlerhttps://www.blogger.com/profile/00486529931043507880noreply@blogger.comtag:blogger.com,1999:blog-18079728.post-15270257471862431052007-11-08T08:24:00.000-08:002007-11-08T08:24:00.000-08:00I suspect that this time may be a bit different. ...I suspect that this time may be a bit different. I had lunch with an old friend/ quite senior NY manager of one of the write-downers a couple of weeks ago. His group is 140% of annual budget...and he's been told to lose head count. A majority of his group will get paid nowt at bonus time, because what funds there are will be used to keep the few 'stars.'<BR/><BR/>This was a group that nothing Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-18079728.post-73142517798083458542007-11-08T08:09:00.000-08:002007-11-08T08:09:00.000-08:00At all the IBs, staff have done much better shareh...At all the IBs, staff have done much better shareholders. I don;t have a problem with mondo-comp, but to marry incentives properly, from this point of view, bonuses should be paid in restricted stock that vests only very slowly perhaps over the course of a full credit cycle. Deeply unpopular, perhaps, but would probably better market outcomes all-around."Cassandra"https://www.blogger.com/profile/17412381249313151515noreply@blogger.comtag:blogger.com,1999:blog-18079728.post-27390992093534681842007-11-08T07:58:00.000-08:002007-11-08T07:58:00.000-08:00Well.....according the Roubini article that flew i...Well.....according the Roubini article that flew its way around the global market place this week, MS had far and away the highest proportion of Level 3 assets to capital of any of the big US banks. I have no idea what their capital base is, and maybe writing down $3.7 bio brings them in line. But I cannot help but observe that both Citi and Merrill went through a couple of iterations of Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.com