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Thread: Why Not to Trust the Bailout

  1. #81
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    [QUOTE=E4orBust;2772691]btw, jetswin, love your hopkins/cuse lereo nieman... i've got a great large framed print of it in my bedroom...[/QUOTE]

    no ****!...I had an original signed by Eamon MacEnaney (Cornell player not 'cuse) during a recruiting trip many moons ago, lost it to a flood in my basement.:steamin: That's from the '77 Championship Game.

    edit...It might be '76, I can't remember now
    Last edited by jetswin; 09-25-2008 at 04:59 PM.

  2. #82
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    [QUOTE=jetswin;2772707]no ****!...I had an original signed by Eamon MacEnaney (Cornell player not 'cuse) during a recruiting trip many moons ago, lost it to a flood in my basement.:steamin: That's from the '77 Championship Game.

    edit...It might be '76, I can't remember now[/QUOTE]

    wow. i didn't know Eamon, but know many who did. a shame.

    i'm 29 and mine was in my brother's room since i can remember. he got married and somehow his wife had no use for it... but i did...

  3. #83
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    [QUOTE=jetswin;2772707]no ****!...I had an original signed by Eamon MacEnaney (Cornell player not 'cuse) during a recruiting trip many moons ago, lost it to a flood in my basement.:steamin: That's from the '77 Championship Game.

    edit...It might be '76, I can't remember now[/QUOTE]

    and that was a total brain fart... print's been above my bed for 7 years, i knew cornell... that was a great/legendary generation in lacrosse...

    ok, headed to Mets game...

  4. #84
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    I was trying to find out how they rated the bonds/securities that were packaged and sold and found this. It's really interesting.


    [URL="http://http://www.bloomberg.com/apps/news?pid=20601109&sid=ax3vfya_Vtdo&refer=home"]http://http://www.bloomberg.com/apps/news?pid=20601109&sid=ax3vfya_Vtdo&refer=home[/URL]


    [QUOTE]`Race to Bottom' at Moody's, S&P Secured Subprime's Boom, Bust By Elliot Blair Smith

    Sept. 25 -- In August 2004, Moody's Corp. unveiled a new credit-rating model that Wall Street banks used to sow the seeds of their own demise. The formula allowed securities firms to sell more top-rated, subprime mortgage-backed bonds than ever before.

    A week later, Standard & Poor's moved to revise its own methods. An S&P executive urged colleagues to adjust rating requirements for securities backed by commercial properties because of the ``threat of losing deals.''

    The world's two largest bond-analysis providers repeatedly eased their standards as they pursued profits from structured investment pools sold by their clients, according to company documents, e-mails and interviews with more than 50 Wall Street professionals. It amounted to a ``market-share war where criteria were relaxed,'' says former S&P Managing Director Richard Gugliada.

    ``I knew it was wrong at the time,'' says Gugliada, 46, who retired from the McGraw-Hill Cos. subsidiary in 2006 and was interviewed in May near his home in Staten Island, New York. ``It was either that or skip the business. That wasn't my mandate. My mandate was to find a way. Find the way.''
    [/QUOTE]

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