Grumpy Pants
rich
richard.romeo at gmail.com
Wed Oct 14 15:11:15 CDT 2009
thx, Elaine
my girlfriend is a PhD candidate in English so you can imagine
there'll be lots of mac and cheese dinners in our future
i'm just so glad the Dow reached 10,000. that really makes me want to
sing--see below ;)
(from a ny times wall st fanboy, Andrew Sorkin who writes like a
gushing 9 yr old.
the time is last sept during the financial "meltdown")
'The 50th-floor office of Goldman’s fixed-income trading unit, in
Lower Manhattan, was in near meltdown by lunchtime on Thursday. No
trading was taking place, and the traders themselves were glued to
their terminals, staring at the GS ticker as the market continued its
swoon. Goldman’s stock dropped to $85.88, its lowest level in nearly
six years.
Jon Winkelried, Goldman’s other co-president, had been walking the
floors, trying to calm everyone’s nerves. “We could raise $5 billion
in an hour if we wanted to,” he told a group of traders, as if to
suggest that nothing was amiss. But just then, at one p.m., the
market—and Goldman’s stock—suddenly turned around, with Goldman rising
to $87 a share, and then $89. Traders raced through their screens
trying to determine what had been responsible for the lift and
discovered that the Financial Services Authority in the U.K. had
announced a 30-day ban on short-selling 29 financial stocks, including
Goldman Sachs’s.
The squawk boxes on Goldman’s trading floor soon crackled to
attention. A young trader found a recording of “The Star-Spangled
Banner” on the Internet and broadcast it over the speakers to
commemorate the moment. About three dozen traders stood up from their
desks, placed their hands over their hearts, and sang aloud,
accompanied by rounds of high-fives and cheers'
http://www.vanityfair.com/business/features/2009/11/too-big-to-fail-excerpt-200911?printable=true.
rich
On 10/14/09, Elaine Bell <elainemmbell at gmail.com> wrote:
> I've been out of work since January 2008! It is horribly frustrating, scary
> and diminishing... you have my sympathy!
>
> On 10/10/09, rich <richard.romeo at gmail.com> wrote:
>>
>> maybe i'm too grumpy--lost my freaking job yesterday. laid off twice
>> in the last three years-does sour one's outlook
>>
>> but the lady of the house has frozen chocolate-covered bananas for
>> dessert tonight at least
>>
>> rich
>>
>
>
>
> --
> Elaine M.M. Bell, Writer
> 585.218.9583
> Have Laptop/Will Travel
>
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