Daily Archives: September 20, 2008

Warren Buffet on Derivatives

By Frank Paynter | Published: September 20, 2008

Berkshire Hathaway Annual Report 12/31/2002 Derivatives Charlie and I are of one mind in how we feel about derivatives and the trading activities that go with them: We view them as time bombs, both for the parties that deal in them and the economic system. Having delivered that thought, which I’ll get back to, let [...]

Posted in Bidness, Class Warfare, Disparities, Global Concern, Government, Truth and Falsehood | Comments closed

Blame McSame

By Frank Paynter | Published: September 20, 2008

“Crash” McCain is caught in this YouTube video with his hand in our pockets. Reports to back up the claims: McCain votes with Bush & Big Corporations: http://www.factcheck.org/askfactcheck… Lobbyists Running the McCain Campaign: http://www.washingtonpost.com/wp-dyn/… A Tax Plan for the Rich (LA Times): http://tinyurl.com/3e98ql This clip made by a private citizen. “Information is the currency of [...]

Posted in Politics | Comments closed

Donate to Planned Parenthood in Sarah Palin’s Name

By Frank Paynter | Published: September 20, 2008

Thanks to the friend who passed along this constructive opportunity to let Sarah know we’re thinking of her, and to do some good as well!  I plan to chip in, and i hope you do too. The smallest donation is $5: The cost: priceless. Make a donation to Planned Parenthood in Sarah Palin’s name. When [...]

Posted in Miscellaneous, Politics | Comments closed

New Rules… house of cards division

By Frank Paynter | Published: September 20, 2008

Some notes… Bear Stearns: You remember the pump and dump, right? That’s where a certain someone buys stock in a company, then goes to message boards, chat rooms, and spam e-mail lists to talk other people into buying it. Their sudden surge in buy orders sends the stock price up, allowing the certain someone to [...]

Posted in Bidness, Class Warfare, Global Concern, Government | Comments closed

In your shorts

By Frank Paynter | Published: September 20, 2008

Here’s a pretty good article on asymmetric risk. It provides an entering wedge into understanding the delusional nature of hedge funds. Consider… Almost, all financial derivatives display asymmetric payoffs. All sold (short) option positions and sold (short) derivatives positions – something that banks, financial institutions, hedge funds and even corporations engage in regularly these days [...]

Posted in Bidness, Class Warfare, Disparities, Government, Math and Science | Comments closed