Comments on: Barney Frank is The Mass Mugabe http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm We dividend our ad money to you. Thu, 11 Mar 2010 05:51:52 -0800 http://wordpress.org/?v=2.9.1 hourly 1 By: bradpark http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm/comment-page-1#comment-82770 bradpark Fri, 11 Apr 2008 19:44:38 +0000 http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm#comment-82770 agreed, that might be one of the finest comments of the year, anywhere, maybe even ever. agreed, that might be one of the finest comments of the year, anywhere, maybe even ever.

]]> By: HAM'05 http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm/comment-page-1#comment-82746 HAM'05 Fri, 11 Apr 2008 16:46:52 +0000 http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm#comment-82746 12:10 its comments like yours that validate my subsequent visits to this site even after the the initial genius and hilarity of the original post has subsided 12:10 its comments like yours that validate my subsequent visits to this site even after the the initial genius and hilarity of the original post has subsided

]]> By: peterpeter http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm/comment-page-1#comment-82647 peterpeter Thu, 10 Apr 2008 20:28:10 +0000 http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm#comment-82647 @15 ironically bickering with Timmay all day generated the most comments ever on this site on a single posting by my unofficial count @15 ironically bickering with Timmay all day generated the most comments ever on this site on a single posting by my unofficial count

]]> By: Aspiring Mini-Baller http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm/comment-page-1#comment-82645 Aspiring Mini-Baller Thu, 10 Apr 2008 20:17:33 +0000 http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm#comment-82645 haha! i've never heard a SIV joke i didn't like! haha! i’ve never heard a SIV joke i didn’t like!

]]> By: jester12 http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm/comment-page-1#comment-82644 jester12 Thu, 10 Apr 2008 20:11:06 +0000 http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm#comment-82644 you mean a SIV? you mean a SIV?

]]> By: mrsiv http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm/comment-page-1#comment-82628 mrsiv Thu, 10 Apr 2008 16:48:08 +0000 http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm#comment-82628 They combine together to create a Super Massive Blackhole! They combine together to create a Super Massive Blackhole!

]]> By: Theoretical http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm/comment-page-1#comment-82625 Theoretical Thu, 10 Apr 2008 16:06:41 +0000 http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm#comment-82625 So what happens then if the Large Hadron Collider starts a black hole that then crosses the event horizon of Tim Sykes? Which black hole wins? So what happens then if the Large Hadron Collider starts a black hole that then crosses the event horizon of Tim Sykes? Which black hole wins?

]]> By: Mr Juggles http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm/comment-page-1#comment-82606 Mr Juggles Thu, 10 Apr 2008 13:47:05 +0000 http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm#comment-82606 Re: rates guy and Anal_yst. We think 1-2 Knockout is very good (so far) and bickering very boring. Very very little is worth bickering about over the internet, especially in a non-funny way; science has proven that the only two things worth it are the legalization of prostituion and the Large Hadron Collider's likelihood of ending existence. Consider this. Re: rates guy and Anal_yst. We think 1-2 Knockout is very good (so far) and bickering very boring. Very very little is worth bickering about over the internet, especially in a non-funny way; science has proven that the only two things worth it are the legalization of prostituion and the Large Hadron Collider’s likelihood of ending existence. Consider this.

]]> By: rates guy http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm/comment-page-1#comment-82604 rates guy Thu, 10 Apr 2008 13:29:02 +0000 http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm#comment-82604 excuse me i was not aware of your ubiquitous popularity, i mistakenly assumed your new blog has a small readership and you were just being arrogant and presumtuous in trusting anyone else would know what you have dubbed Barneynomics excuse me i was not aware of your ubiquitous popularity, i mistakenly assumed your new blog has a small readership and you were just being arrogant and presumtuous in trusting anyone else would know what you have dubbed Barneynomics

]]> By: Anonymous http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm/comment-page-1#comment-82560 Anonymous Thu, 10 Apr 2008 04:10:44 +0000 http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm#comment-82560 I know i am way late to the game here, but I have to post something about that Tim guy. I mean there is so much theoretical humor that could be derived from that last string of comments that it is really hard to start, but here goes: 1) If he has enough time to post that many blog comments, he is either: bi-polar, unemployed, a total douche, or some combo of the three. This is self evident. 2) This point, which is more subtle, has obviously been lost on Tim: the whole reason finance is so awesome is that the common man can't understand it. That's why we make so much more money than them and get sweet stuff like Gucci loafers, yachts, and houses in the Hamptons. Once some finance guys caught on to this phenomenon, they basically just created a whole new language that normal dumb people who didn't go to good colleges and aren't from greenwich can't understand. This is the only barrier to entry in finance, because if you thinnk about how easy our jobs actually are, you really only need to be able to do simple math, have a working mouth, and know how to use a qwerty keyboard. So Tim, what's the incentive for us to explain finance to dumb people? Then who would be left to fire at the companies I LBO and reap massive profits from? Who would walk around my office asking to shine my shoes? If they were all shorting penny stocks, the answer is nobody. And by the way, shorting penny stocks? really? are you f-ing serious? they are f-ing penny stocks! they are pretty darn close to zero, Tim. So your possible gain is kinda limited there, whereass if any of them actually do pop, you are totally f-ed. I would rather turn my wads of money into a bludgeoning device and beat myself to death with it than short a basket of penny stocks. Get a job, please. at a company with strong cashflows that is non-cyclical and has a weak management team and where you are not in a union and where you are overpaid, if possible. please. I know i am way late to the game here, but I have to post something about that Tim guy. I mean there is so much theoretical humor that could be derived from that last string of comments that it is really hard to start, but here goes:
1) If he has enough time to post that many blog comments, he is either: bi-polar, unemployed, a total douche, or some combo of the three. This is self evident.
2) This point, which is more subtle, has obviously been lost on Tim: the whole reason finance is so awesome is that the common man can’t understand it. That’s why we make so much more money than them and get sweet stuff like Gucci loafers, yachts, and houses in the Hamptons. Once some finance guys caught on to this phenomenon, they basically just created a whole new language that normal dumb people who didn’t go to good colleges and aren’t from greenwich can’t understand. This is the only barrier to entry in finance, because if you thinnk about how easy our jobs actually are, you really only need to be able to do simple math, have a working mouth, and know how to use a qwerty keyboard. So Tim, what’s the incentive for us to explain finance to dumb people? Then who would be left to fire at the companies I LBO and reap massive profits from? Who would walk around my office asking to shine my shoes? If they were all shorting penny stocks, the answer is nobody. And by the way, shorting penny stocks? really? are you f-ing serious? they are f-ing penny stocks! they are pretty darn close to zero, Tim. So your possible gain is kinda limited there, whereass if any of them actually do pop, you are totally f-ed. I would rather turn my wads of money into a bludgeoning device and beat myself to death with it than short a basket of penny stocks. Get a job, please. at a company with strong cashflows that is non-cyclical and has a weak management team and where you are not in a union and where you are overpaid, if possible. please.

]]> By: 1-2 http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm/comment-page-1#comment-82545 1-2 Wed, 09 Apr 2008 22:36:03 +0000 http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm#comment-82545 Thanks, Jugs. You maniacal laugh is duly noted. Thanks, Jugs. You maniacal laugh is duly noted.

]]> By: Mr Juggles http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm/comment-page-1#comment-82535 Mr Juggles Wed, 09 Apr 2008 19:14:11 +0000 http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm#comment-82535 Unfortunately, our goal is to become 1-2 Knockout, muharharharhar muHA. Unfortunately, our goal is to become 1-2 Knockout, muharharharhar muHA.

]]> By: Anal_yst http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm/comment-page-1#comment-82534 Anal_yst Wed, 09 Apr 2008 18:45:09 +0000 http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm#comment-82534 Forgot to add that in case you (or anyone else) were wondering, the goal is NOT to be LoSC. Juggles, Debacle and crew are solid at what they do, we're not trying by any means to copy them, although they have obviously been an inspiration. Forgot to add that in case you (or anyone else) were wondering, the goal is NOT to be LoSC. Juggles, Debacle and crew are solid at what they do, we’re not trying by any means to copy them, although they have obviously been an inspiration.

]]> By: Anal_yst http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm/comment-page-1#comment-82531 Anal_yst Wed, 09 Apr 2008 17:52:37 +0000 http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm#comment-82531 So, Rates Guy, in your expert opinion, when does it become "OK" to start branding your own terminology? Please, enlighten me, as I was previously unaware that there was some sort of waiting period involved. So, Rates Guy, in your expert opinion, when does it become “OK” to start branding your own terminology? Please, enlighten me, as I was previously unaware that there was some sort of waiting period involved.

]]> By: rates guy http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm/comment-page-1#comment-82513 rates guy Wed, 09 Apr 2008 13:39:37 +0000 http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm#comment-82513 1-2 i know you have a blog now but it's it a little early in the game to try branding your own terminology? i trust you know that your scheme falls under rates guy's definition of Toolonomics. 1-2 i know you have a blog now but it’s it a little early in the game to try branding your own terminology?

i trust you know that your scheme falls under rates guy’s definition of Toolonomics.

]]> By: anonymous http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm/comment-page-1#comment-82472 anonymous Wed, 09 Apr 2008 04:55:06 +0000 http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm#comment-82472 Barney Frank's plan is not as crazy or terrible as you make it out to be because (a) it's only open to houses that is the homeowner's primary residence, (b) the government retains an option on the upside if the house later appreciates in value (this declines over time), and (c) it provides liquidity to an otherwise illiquid market while keeping people who would legitimately have to find a new place to stay in their homes. I understand all of the talk about moral hazard and rewarding people who took risks. However, in the realm of "realistic ideas that might actually help relieve the current problem", this one's not that bad. Oh, and I'm not some crazy left-wing liberal. I work at a (not blown-up) hedge-fund (in a non-back-office role)... Barney Frank’s plan is not as crazy or terrible as you make it out to be because (a) it’s only open to houses that is the homeowner’s primary residence, (b) the government retains an option on the upside if the house later appreciates in value (this declines over time), and (c) it provides liquidity to an otherwise illiquid market while keeping people who would legitimately have to find a new place to stay in their homes.

I understand all of the talk about moral hazard and rewarding people who took risks. However, in the realm of “realistic ideas that might actually help relieve the current problem”, this one’s not that bad.

Oh, and I’m not some crazy left-wing liberal. I work at a (not blown-up) hedge-fund (in a non-back-office role)…

]]> By: Size http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm/comment-page-1#comment-82464 Size Wed, 09 Apr 2008 01:29:05 +0000 http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm#comment-82464 PBatemen, Calling the government ignorant is equivalent to just pointing out that it's the government. Ignorance - especially ignorance of basic economics - is a pre-requisite for entry into government. After all, if people in government weren't incompetent, ignorant and power hungry, they would be out doing something productive. PBatemen,

Calling the government ignorant is equivalent to just pointing out that it’s the government. Ignorance – especially ignorance of basic economics – is a pre-requisite for entry into government. After all, if people in government weren’t incompetent, ignorant and power hungry, they would be out doing something productive.

]]> By: PBateman http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm/comment-page-1#comment-82453 PBateman Tue, 08 Apr 2008 22:33:33 +0000 http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm#comment-82453 I actually had the exact same reaction when I saw that article last Thursday. I'm torn between trying to make a joke out of it, or going on a tirade at how incredibly ignorant it would of our government to overtly backstop an individual's credit risk (in addition to backstopping liquidity risk, which they've already done). Complete Zimbabwenomics. I'm sure the law of unintended consequences will never rear its head anywhere near this debacle. Oh and you have to imagine that two of our Presidential candidates are just salivating at Chavez's most recent proposal (no, not Chavez Standard Time), but his windfall profits tax of 50% over $70/barrel and 60% over $100. Apparently some members of this country want to make it illegal to make too much money (just ask Visa and MA who are already facing potential legislation as their business model is too profitable - then again, if they never went public it wouldn't have happened, so hard to feel too bad for them). I have a little Econ 101 lesson for Congress: you can control supply or price, but not both (just look at the price of rice as every nation in Asia puts in export limits - I'll give you a hint, it's not going down). Guess what folks, inflation is here to stay until our government decides to stop perpetuating policies that reinforce it. So what can you do other than to say: Who is John Galt? /I'm sorry for not being funny. This just really bothers me. I actually had the exact same reaction when I saw that article last Thursday. I’m torn between trying to make a joke out of it, or going on a tirade at how incredibly ignorant it would of our government to overtly backstop an individual’s credit risk (in addition to backstopping liquidity risk, which they’ve already done). Complete Zimbabwenomics. I’m sure the law of unintended consequences will never rear its head anywhere near this debacle.

Oh and you have to imagine that two of our Presidential candidates are just salivating at Chavez’s most recent proposal (no, not Chavez Standard Time), but his windfall profits tax of 50% over $70/barrel and 60% over $100. Apparently some members of this country want to make it illegal to make too much money (just ask Visa and MA who are already facing potential legislation as their business model is too profitable – then again, if they never went public it wouldn’t have happened, so hard to feel too bad for them). I have a little Econ 101 lesson for Congress: you can control supply or price, but not both (just look at the price of rice as every nation in Asia puts in export limits – I’ll give you a hint, it’s not going down). Guess what folks, inflation is here to stay until our government decides to stop perpetuating policies that reinforce it.

So what can you do other than to say: Who is John Galt?

/I’m sorry for not being funny. This just really bothers me.

]]> By: Mr Juggles http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm/comment-page-1#comment-82437 Mr Juggles Tue, 08 Apr 2008 18:37:54 +0000 http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm#comment-82437 Just cool it with the anti-homosexual remarks. Just cool it with the anti-homosexual remarks.

]]> By: JCauto http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm/comment-page-1#comment-82436 JCauto Tue, 08 Apr 2008 18:20:09 +0000 http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm#comment-82436 I've been getting blown up in closed-end funds since last July. Can smart people who bought t-bills bail me out? Thx I’ve been getting blown up in closed-end funds since last July. Can smart people who bought t-bills bail me out? Thx

]]> By: 1-2 http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm/comment-page-1#comment-82434 1-2 Tue, 08 Apr 2008 17:10:17 +0000 http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm#comment-82434 Well played sirs. I hadn't seen that news clip, but I trust you know that this scheme falls under 1-2's definition of Barneynomics. You know where to find me. Well played sirs. I hadn’t seen that news clip, but I trust you know that this scheme falls under 1-2’s definition of Barneynomics.

You know where to find me.

]]> By: WTF Jr. http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm/comment-page-1#comment-82433 WTF Jr. Tue, 08 Apr 2008 17:08:10 +0000 http://longorshortcapital.com/barney-frank-is-the-mass-mugabe.htm#comment-82433 He thinks everyone likes to be fudge packed. He thinks everyone likes to be fudge packed.

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