Tuesday, December 23, 2008
Old Stinky Saying Merry Christmas and Happy New Year....
I would like to first say that i appreciate all my readers and as this year comes to a close, we put the first full calender year of blogging to rest..i want to wish you all a merry christmas and happy new year. this is the last post i will be sending from NYC for a while so the next post will be from a remote,relaxed location..you may see a seperate side to old stinky so stay tuned!
Thursday, December 18, 2008
Wednesday, December 17, 2008
D of the week...(Made-0ff) if you are into phoenetics
(Reuters) - Bernard Madoff, the longtime Wall Street executive, is accused of cheating investors worldwide out of $50 billion.
Here are some of Madoff's public comments over the years:
- On his trading approach: "It's a proprietary strategy. I can't go into it in great detail." - Barron's, May 7, 2001
- Speaking on a panel called "The Future of the Stock Market" at the Philoctetes Center for the Multidisciplinary Study of the Imagination in New York on Oct 20, 2007, Madoff said:
- On regulations: "In today's regulatory environment, it's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time."
- On the dynamics between investors and Wall Street firms: "The nature of any human being, certainly anyone on Wall Street, is 'the better deal you give the customer, the worse deal it is for you.'"
- On the subject of large swings in the market: "Take my word for it, for the most part you can ignore those moves."
- On the costs of regulatory compliance: "No one is going to run a benefit for Wall Street."
Here are some other quotes from Madoff, cited in various publications:
- On electronic trading: "All we're doing is passing our savings on to our client base."
- Fortune Magazine, Nov 19, 1990.
- On a canceled crab race at the Securities Industry Association Convention in Boca Raton, Fla.: "There's enough happening in the securities industry without taking on animal rights."
- Wall Street Journal, Dec 2, 1994.
- On day-trading: "If the bull peters out, day-trading will die of its own weight."
- Forbes, April 6, 1998.
- On the dangers of the Internet bubble: "I don't like to see this type of activity. Eventually, if this bubble bursts, I think that people will be left holding the bag. I don't want to be around when that happens."
Here are some of Madoff's public comments over the years:
- On his trading approach: "It's a proprietary strategy. I can't go into it in great detail." - Barron's, May 7, 2001
- Speaking on a panel called "The Future of the Stock Market" at the Philoctetes Center for the Multidisciplinary Study of the Imagination in New York on Oct 20, 2007, Madoff said:
- On regulations: "In today's regulatory environment, it's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time."
- On the dynamics between investors and Wall Street firms: "The nature of any human being, certainly anyone on Wall Street, is 'the better deal you give the customer, the worse deal it is for you.'"
- On the subject of large swings in the market: "Take my word for it, for the most part you can ignore those moves."
- On the costs of regulatory compliance: "No one is going to run a benefit for Wall Street."
Here are some other quotes from Madoff, cited in various publications:
- On electronic trading: "All we're doing is passing our savings on to our client base."
- Fortune Magazine, Nov 19, 1990.
- On a canceled crab race at the Securities Industry Association Convention in Boca Raton, Fla.: "There's enough happening in the securities industry without taking on animal rights."
- Wall Street Journal, Dec 2, 1994.
- On day-trading: "If the bull peters out, day-trading will die of its own weight."
- Forbes, April 6, 1998.
- On the dangers of the Internet bubble: "I don't like to see this type of activity. Eventually, if this bubble bursts, I think that people will be left holding the bag. I don't want to be around when that happens."
Thursday, December 11, 2008
BCS does it again...
BCS DECLARES GERMANY WINNER OF WORLD WAR II - US Ranked 4th
After determining another year of championship game participants, the BCS computers were put to work on other major contests and today the BCS declared Germany to be the winner of World War II. "Germany put together an incredible number of victories beginning with the annexation of Austria and the Sudetenland and continuing on into conference play with defeats of Poland, France, Norway, Sweden, Denmark, Belgium and the Netherlands. Their only losses came against the US and Russia; however considering their entire body of work--including an incredibly tough Strength of Schedule--our computers deemed them worthy of the #1 ranking." Questioned about the #4 ranking of the United States the BCS commissioner stated "The US only had two major victories--Japan and Germany. The computer models, unlike humans, aren't influenced by head-to-head contests--they consider each contest to be only a single, equally-weighted event." German Chancellor Adolph Hiter said "Yes, we lost to the US; but we defeated #2 ranked France in only 6 weeks." Herr Hitler has been criticized for seeking dramatic victories to earn 'style points' to enhance Germany's rankings. Hitler protested "Our contest with Poland was in doubt until the final day and the conditions in Norway were incredibly challenging and demanded the application of additional forces." The French ranking has also come under scrutiny. The BCS commented " France had a single loss against Germany and following a preseason #1 ranking they only fell to #2." Japan was ranked #3 with victories including Manchuria, Borneo and the Philippines.
After determining another year of championship game participants, the BCS computers were put to work on other major contests and today the BCS declared Germany to be the winner of World War II. "Germany put together an incredible number of victories beginning with the annexation of Austria and the Sudetenland and continuing on into conference play with defeats of Poland, France, Norway, Sweden, Denmark, Belgium and the Netherlands. Their only losses came against the US and Russia; however considering their entire body of work--including an incredibly tough Strength of Schedule--our computers deemed them worthy of the #1 ranking." Questioned about the #4 ranking of the United States the BCS commissioner stated "The US only had two major victories--Japan and Germany. The computer models, unlike humans, aren't influenced by head-to-head contests--they consider each contest to be only a single, equally-weighted event." German Chancellor Adolph Hiter said "Yes, we lost to the US; but we defeated #2 ranked France in only 6 weeks." Herr Hitler has been criticized for seeking dramatic victories to earn 'style points' to enhance Germany's rankings. Hitler protested "Our contest with Poland was in doubt until the final day and the conditions in Norway were incredibly challenging and demanded the application of additional forces." The French ranking has also come under scrutiny. The BCS commented " France had a single loss against Germany and following a preseason #1 ranking they only fell to #2." Japan was ranked #3 with victories including Manchuria, Borneo and the Philippines.
Sound Familiar?
"The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance." Cicero - 55 BC
Thursday, December 4, 2008
South Side Chi-town Moped Mafia..straight rollin...
Thanks to our south side connection, The Brazen One for this clip. Enjoy..
http://www.youtube.com/watch?v=w_kIUSr7-is
http://www.youtube.com/watch?v=w_kIUSr7-is
Wednesday, December 3, 2008
Winston Churchill, words to live by....
Thanks to The Swan for the contribution..enjoy, and have a nice day. chances are it will be better than mine, if it is not, start drinking, and dont stop.
I drink a great deal, I sleep little, and smoke cigar after cigar. That is why I am in 200% form
There are two things that are more difficult than making an after-dinner speech: climbing a wall which is leaning toward you and kissing a girl who is leaning away from you.
History will be kind to me for I intend to write it.
I may be drunk, Miss, but in the morning I will be sober and you will still be ugly.
If you have an important point to make, don't try to be subtle or clever. Use a pile driver. Hit the point once. Then come back and hit it again. Then hit it a third time-a tremendous whack.
Mr. Attlee is a very modest man. Indeed he has a lot to be modest about
Perhaps it is better to be irresponsible and right, than to be responsible and wrong
Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.
Some people regard private enterprise as a predatory tiger to be shot. Others look on it as a cow they can milk. Not enough people see it as a healthy horse, pulling a sturdy wagon.
This report, by its very length, defends itself against the risk of being read.
To jaw-jaw is always better than to war-war
We are all worms. But I believe that I am a glow-worm
You can always count on Americans to do the right thing - after they've tried everything else
You have enemies? Good. That means you've stood up for something, sometime in your life
I drink a great deal, I sleep little, and smoke cigar after cigar. That is why I am in 200% form
There are two things that are more difficult than making an after-dinner speech: climbing a wall which is leaning toward you and kissing a girl who is leaning away from you.
History will be kind to me for I intend to write it.
I may be drunk, Miss, but in the morning I will be sober and you will still be ugly.
If you have an important point to make, don't try to be subtle or clever. Use a pile driver. Hit the point once. Then come back and hit it again. Then hit it a third time-a tremendous whack.
Mr. Attlee is a very modest man. Indeed he has a lot to be modest about
Perhaps it is better to be irresponsible and right, than to be responsible and wrong
Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.
Some people regard private enterprise as a predatory tiger to be shot. Others look on it as a cow they can milk. Not enough people see it as a healthy horse, pulling a sturdy wagon.
This report, by its very length, defends itself against the risk of being read.
To jaw-jaw is always better than to war-war
We are all worms. But I believe that I am a glow-worm
You can always count on Americans to do the right thing - after they've tried everything else
You have enemies? Good. That means you've stood up for something, sometime in your life
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