| ngguanlim ( @ 2008-09-16 16:14:00 |
Bear Strikes, Bull Dies
Ho ho ho it's Christmas time!
The current financial market crisis will continue for some time. Goodbye to 150 year old investmnet bank Lehman Brohers and Hallelujah to Amecan Insurance Group (AIG).
America sneezes and everyone cathces a cold, wait I should rephrase it; it's America's diarrhea and the world cathces cholera.
So the question is... where is all the money if everyone is not making any?
Let me answer this question.
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The mother fucking SIV/CDO investment banking traders has pocketed all the $$$ and left the world to die.
Well, those mother fuckers have been selling a financial vehicle bundle which could not sustain in anyway.
They've packaged Fannie Mae and Freddie Mac mortgage loans and have sold it to institutions and individuals.
Home buyers that took a loan from FM1 and FM2 were charged an interest of about 8% and above while the packaged loan(stupid assholes who bought them) yield ""interest"" as high as 30%. Fuck this whole system, the mother fucking investment bankers knew it would not sustain and made lots of money from handling and mischallaneous charges for packaging the debt.
The homebuyers were not able to pay their debt which charged very high interest which lead to the inability for the bonds coupons to be paid to the investors.
It's just a big shit hole and no one knows how deep it is!@#$%^&*()!@!#???
So what now? The mother fuckers who sold the home buyers' debt to the world is now filthy rich sucking their fatty 36/48 months bonuses, not only that - if they fucking get fired they will still pocket a minimumn of 3 month's salary.
Let me tell you my part of working in a retail bank. Today, grandpa and grandmas all over hong kong fled to my branch pleeding for help and trying to get comfort from frontline staff. Many have invested their entire savings of about 1 to 2 millions hong kong dollars into funds from big investment banks like First Estate, JF Asset, Schroders, Invested, Fortis just to name a few. The first question that pops up is, does these funds have any investment in Lehman Brothers? only god knows.
So...after typing so much I've not really stressed any point. I'm just blogging from office purely because of the current Financial Turmoil.
Friends, Family and Foes reading this, my advise to you is- if the market(s) is stressing you out please let go all your shit.
Your tummy ache can only be cured with po zai yun..woo hoo hoo. cioaze.
Ho ho ho it's Christmas time!
The current financial market crisis will continue for some time. Goodbye to 150 year old investmnet bank Lehman Brohers and Hallelujah to Amecan Insurance Group (AIG).
America sneezes and everyone cathces a cold, wait I should rephrase it; it's America's diarrhea and the world cathces cholera.
So the question is... where is all the money if everyone is not making any?
Let me answer this question.
.
..
...
....
.....
......
.......
......
....
...
..
.
The mother fucking SIV/CDO investment banking traders has pocketed all the $$$ and left the world to die.
Well, those mother fuckers have been selling a financial vehicle bundle which could not sustain in anyway.
They've packaged Fannie Mae and Freddie Mac mortgage loans and have sold it to institutions and individuals.
Home buyers that took a loan from FM1 and FM2 were charged an interest of about 8% and above while the packaged loan(stupid assholes who bought them) yield ""interest"" as high as 30%. Fuck this whole system, the mother fucking investment bankers knew it would not sustain and made lots of money from handling and mischallaneous charges for packaging the debt.
The homebuyers were not able to pay their debt which charged very high interest which lead to the inability for the bonds coupons to be paid to the investors.
It's just a big shit hole and no one knows how deep it is!@#$%^&*()!@!#???
So what now? The mother fuckers who sold the home buyers' debt to the world is now filthy rich sucking their fatty 36/48 months bonuses, not only that - if they fucking get fired they will still pocket a minimumn of 3 month's salary.
Let me tell you my part of working in a retail bank. Today, grandpa and grandmas all over hong kong fled to my branch pleeding for help and trying to get comfort from frontline staff. Many have invested their entire savings of about 1 to 2 millions hong kong dollars into funds from big investment banks like First Estate, JF Asset, Schroders, Invested, Fortis just to name a few. The first question that pops up is, does these funds have any investment in Lehman Brothers? only god knows.
So...after typing so much I've not really stressed any point. I'm just blogging from office purely because of the current Financial Turmoil.
Friends, Family and Foes reading this, my advise to you is- if the market(s) is stressing you out please let go all your shit.
Your tummy ache can only be cured with po zai yun..woo hoo hoo. cioaze.