Thursday, June 12, 2003
Today, it was Freddie Mac-- you know, the quasi governmental company that's made it possible for cheap housing for everyone. Well, almost everyone (who can program in C++, or is left with a chair, now that the music stopped). They are opening a criminal probe. This company is hugh-- contolling trillions of dollars with derivatives, or "side bets" on the direction of the market for those of you who call a spade a spade, and double down on 11. We'll see, huh?
Hinky's barber told him that the barber's brother killed himself by suicide last week, leaving a 15 page letter to his family apologizing for leaving. He had 4 children, and left on a 500 dollar check for graduating the 8th grade. The barber was in remarkable spirits, given what happened, and what happened to him after 9.11. He lost his shop because the landlord raised rents over by the UN. And yet, he keeps clipping, with a great big photo of his grand daughter looking out next to the mirror, with great big eyes. What a haircut that was after a long day bidding for the man.
Hinky 9:32 PM
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Wednesday, June 11, 2003
What the hell! Now Chairman Al "Plunger" Greenjeans is pumping natural gas.... last week, he was calling market bottoms, and now he is pitching commodities, as if he is heading up some chop shop in Hanover Square. Maybe now that he has a family to feed things changed. I wonder if Paul Volker is still roaming around?
Looks like a major hinky has been sentenced to 7 at club fed. Sam "the british are coming" Waksal is got for his insider trading tips to Martha, who is next up on the government's biggest bang for your buck list (which does NOT make it wrong). Whether or not Martha crooked her hinky stop orders with her broker to the stars, she did try to stone wall the investigation. And even if you think they are trying to get her just because she is a successful woman (successful like any of these hinky CEOs who are on the perp walk for cooking their company books and taking a big raise along the way); or because she is a Star; or because she is a big Democrat; or because she likes Jam... whatever-- you are wrong. None of that matters, even if her bit star friends think its wrong for them to pick on her just because she is a star, it doesn't mean you should walk. She broke the rules in a way that would make anyone who makes the living on wall street lose their ticket. It is not a small deal, even if Larry Kudlow keeps his balls in his wife's purse and feels the need to justify Martha's hinky dealing on his nightly cable show with that other motely fool. Even a Millionnaire's club has dues. And even if they all sent letters in to the judge supporting hinky tipster Sam, he still broke the rules and got pinched. What should they do, let him go because Mic Jagger likes him? I
Hinky 9:02 AM
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