Conflict of interest with Bernanke?  Mishkin has always been a staunch Bush supporter they say.  Damn.  What an end to an illustrious career.

http://www.federalreserve.gov/newsevents/press/other/20080528a.htm

Press Release

Twelvemonkey, you watched CNBC today and saw how 10Y Treasuries are barging through the roof?  This is not good as it indicates inflationary pressure coming through now.  Why?  Better than expected GDP #s, High oil and commodity prices, economic data relesases all suck BIG time AND MISHKIN Resigns!  For you to say that this guy's career wsa not illustrious is a damn joke!  Wall Street cheered for this guy as he was the main proponent of ALL the recent rate cuts and he even demanded for more when the other Govs just wanted the market to correct itself slowly...What dumbfugcks!  Hell, on the Street, Mishkin's resignation has not gone too well as he was their adversary and champion!  Now tell me that this guy sucked at the Fed, would ya, ya lil jester?

Twelveagnry: It does not matter what is your logic and even you are 105% correct but you can not be correct in the eye of this thread creator. If this fellow says "cow" to a monkey , it is a monkey and should be a monkey. He knows every thing and he is ASTABAKRA ( The learned guy in epic or the ABHIMANU).

Twelveangry and rest , if you see a thread by this folk and do not agree, do not try to correct him or leave any opinion. He is not worth of it and in return you will start getting name calling. Just he did it and will do until his  last breath. Not worth of sharing opinon with this fella.

Damn econmomists....that's why i hate them....

all they do is wait until something changes abruptly and then propose a theory around that saying "see, i told you that was coming"

I have more respect to all those wall-street brokers who risk their everything and shoot for their luck...as somebody prominent has said: a baboon can perform as good as Bernanke...haha

 

Kalia, thats what forecasters do, ain't it?  You see weather-men do the same, You even see engineers forecast the life-span of a cerain bridge they built or doctors forecast the life-span of cancer patients in their last stages...And hell, they do get their estimates wrong too.  With weathermen, what about all those ice-storms and rains that have missed NYC completely when we watch on TV the night before about the impending doom coming our way?  What about the engineers who said the Brooklyn Bridge would last for 30 years after completion...Its 130 years old now and still shows no sign of coming down!  How about the docs who said to Lance Armstrong, a cancer patient that his bike-racing career is over and should be happy just to survive the treatment...But yet he won the Tour de France 7 times after that? 

Every field has guesswork and estimates involved in it and economics is just the same.  If definite answers through definte proof were present we'd be in a perios of continuous uptrend in the Business Cycle or a constant Bublle that never bursts.  In dismal scientist talks, we'd have achieved the Holy Trinity.  The Holy Trinity = Low Unemployment, Low Inflation, High Economic Growth. 

Listen, Man may step foot on Mars someday, but even then the Holy Trinity will still not be achieved.

Oye BATHO samsara, engineering forecast ra guessing forecast ma dherai difference cha, ja gayera pahile paad, dimag ma kehi sadharan gyan haal ani aayera kura gaar.

Ani ta afulai jahiley pani khub BATHO banchas haina, LAA tero lai aauta tukka..


Lato ladcha ek bldhyang, Batho ladcha tin bldhyang

bored, bhalu ko baan, engineering ko kura garchas, muji hijara ko poi.  Where do these assfugcks with gerbils teid to their backs come outta?  Run along damn dyke fugcking malkin.  You don't want your illegetimate dad Samsara taking care of business with your backside now, do you?  hahaha  Mothafugckin wanker!!

Listen, once fine day when the Samsara retunrs to nepal and becomes its Prez, then lil midget commie supporting dumbfugcks like you would be banished naked into the Thorongla Pass...Would love to see ya'll freeze ya azz out, damn idle-headed scullion!!

Samsara, when did i said that Mishkin sucked....i said that your statement that Miskin had an illustrious career at the FED was wrong statement...first of all his career was not at the FED...he was into academia and he took leave of absence from columbia to be a FED governor...2 year stint at the FED hardly counts as a career...so first learn to write sensibly before mocking at others like u do in this and other thread..Your statement will always be wrong no matter what you say...

we can debate about economics, abt wall street, abt this that....at the end of the day bottom line counts... After LTCM no one thought that there will be another one like that...Bear stears happened...its because of the FED..they are creating the moral hazard problem....nothing is predictable, we merely use tools, models and data to try to predict it...regarding ur holy trinity....so what...see the consequences of it now ...

 

 

 

"You even see engineers forecast the life-span of a cerain bridge they built or doctors forecast the life-span of cancer patients in their last stages...And hell, they do get their estimates wrong too. "

wht the fnck was dat. dude when did u become doctor, engineer all at a time(the way u said made me think so). listen wannabe-smarty-dumbass, engineers forecast the life span based on the mechanical properties (u ll have to read a lot of books to get tht) of the materials used and design. so the forecast time is the time tht is safe for the bridge to use. the bridge can still stand but it is always prone to accident. so ther is nothin like engineers are wrong.
lil thought on ur arrogant mind.................

hey samsara, if u do go back to nepal, i ll come there to vote for you wen u run for president. nepal needs ppl like u who knows that greenspan is one of the greatest economists. if u truly believe that, i m sure u will follow his principles as well. we need ppl like greenspan n milton freidman to save nepal 's economy . inflation is going over the roof. i know those corrupt officials are printing money n god knows wen they will learn to stop it. the rest of u who r bashing samsara --- plz read more economic books  n then  do some real research n then come back to argue.  blaming greenspan for the current mess just shows how superficial your knowledge is about economics, so no point in arguing with u pseudo economists.

Dharma bro, thanks man...I'll not let you down for sure.  And when that sublime day comes about, as per my earlier post, I'd banish foolios such as twelvemonkey (aka Bibas), syanjali, bored and filyly to the Thorongla pass with nothing but Yak skin chaddis on!  hahahha

filyly, once again you prove your ignorance, ya FOB brained bigot.  You are saying that engineers are NEVER wrong?  No wonder we see bridges collapsing all over, bulidings fall and space-flight disasters all the time.  Get some rationale behind that comprehedning ability you have which compares to a grade 5 student.  You say that engineers use the afore mentioned research and talk about them being correct all the time...In the same light, do you think economists predict the economy's direction outta the chor-pocket in their undies??  There is a whole science behind forecasting economic data and lil juvies with no formal basic Economics 101 education would even know about.  You're a riot, son!  Go make a fool of yourself elsewhere! 

Twelvemonkey, LTCM was a hedge-fund and you compare it to Bear Stearns, a MOTHER of Hegde funds?  Bear had nearly 20 different hedge funds within it and it had contracts of more than $13 Trillion dollars in derivatives alone...And you have the ignoracne to compare Bear Stearns, a company built 85 years ago to LTCM, a company that went bust within 4 years of its formation??  What are you?  Stupid?  And you still blame the Fed for all the current woes?  People forget that little igonred aspect called FISCAL pollicy which here has been completely ignored!  Look at how the War and the Fiscal policies since then has affected the economy in general: Downward spiraling dollar (lost 60% agains the EUR in 5 years), Record prices for commodities (oil is $135/barrel whereas it was $32/barrel 5 years ago; Gold was above $1000/oz a couple of months ago whereas 5 years ago it was $290/oz), wheat (food) and other basic essential traded in the financial markets are all 50% or more above its 2003 levels...And what about cuts in other govt. programs benefitting the needy here, etc?  Listen foolio, the Fed has been doing all it can to combat the inflation caused by the Fiscal side of the spectrum.  Look at how inflation has been put on check even though I've shown you inflationary indicators which have been put into check.  As per Volker during the Reganomics era who said something like, "the Fed should look to combating inflation as its Primary step...All other factors would fall in place then."  This is how the Fed has always been and how it shall be.  Inflation first and the other woes could be combatted later! 

Son, you need to come forth and pay me the tution fees as it seems I'm teaching you the Fed Bargaining Theory over and over.  So much for being a pseudo economist!!

 

samsara just accept defeat and say u were wrong in your arguments...

failure to accept your own weakness is immature.

samsara stop behaving like a spoilt kid.

Samsara aka bathoboy -

talai chai aba dheki bathoboy bhannu paryo...sarai suhaucha talai yo naam. naam anusar ko kam ta garakai chas taile...kaso...

ta jasta kuputra haru ko lagi yeha sajha basi ma baheyka engineer haru ko taam chaina.

jun goru ko singh chaina tyeskai naam thikke....

ani again reminder for u...

Lato ladcha ek bldhyang, Batho ladcha tin bldhyang

lekhera rakh...

 

 

 

 

By Martha Graybow

NEW YORK (Reuters) - A former Credit Suisse Group <CSGN.VX> investment banker convicted of leaking inside information about pending mergers deserves "a substantial sentence" in prison, in part to send a message to others on Wall Street, U.S. prosecutors say.

SAMSARA, 37, who had worked at the bank's Global Energy Group in New York from 2006 until early 2007, faces sentencing in U.S. District Court in Manhattan on Friday afternoon. A jury found him guilty in February of participating in a $7.5 million trading scheme.

At trial, prosecutors said SAMSARA, leaked confidential information about takeovers, including the $32 billion private equity buyout of power company TXU Corp, to a friend in his native home country, who then traded on the illicit tips. SAMSARA, was convicted of insider trading and conspiracy to commit securities fraud.

Prosecutors, in court papers filed on Thursday, urged Judge Robert Patterson to sentence SAMSARA, to an 8-to-10 year prison term as recommended by the federal Probation Department.

"SAMSARA's crimes can only be understood as the product of his greed and recklessness," prosecutors wrote.

They said SAMSARA, bought at least 10 highly expensive watches, engaged in high-stakes gambling and spent money freely, "even by comparison with standard practices of highly compensated investment bankers," with money that appears to be linked to illicit trading profits.

They wrote that "a substantial sentence is necessary to send a message to SAMSARA,  others on Wall Street and in similar positions where client confidences are absolutely necessary and required for the security of our capital markets."

An attorney for SAMSARA, , Michael Bachner, said on Friday that "the government's arguments are nothing new" and "our position is that the sentencing papers we filed support and scream out to the court for leniency." SAMSARA, has been in custody since he was found guilty.

His lawyers, in their own court papers, said that SAMSARA, has "extraordinary family responsibilities, including to a young daughter with cerebral palsy."

The Probation Department's recommended sentence "would be unduly harsh in a case where the defendant received no financial gain and where his prolonged absence would devastate a family," his lawyers wrote.

Prosecutors countered that SAMSARA, received nearly $200,000 in wire transfer payments during the course of the trading conspiracy. The money appeared related to the plot, not money transfers from SAMSARA, father raised through legitimate means, as the ex-banker had argued, the prosecutors said.

SAMSARA, was arrested in May 2007. The case, with its links to Pakistan and big corporate takeovers, has shown the far-reaching scope of insider trading prosecutions brought by U.S. authorities in recent years.

latoboy, you're way too FOBBY with the damn cut-n-paste juvie method you implemented here...You crack me up with your analysis, faggot.  Why not post your trading returns on your virtual or Demo account as you did in the other thread of Emini?  Man, this latoboy puzzy shows us his returns of May 9th...Show me of 3 consecutive days where you make a 50% returns and I'll show you 10 consecutive days of more than 100% returns!  What a nut-job!!

samsara - eat my shorts

hahahaha  latomothafugcka, don't show me the DEMO account dets again, would ya?  Be for real and show me 3 days of consecutive returns on a REAL live platform.  Otherwise, you're just another faker wanting to make it BIG in this biz!  What a jackazz!  He shows us a demo platform and talks like he rolls in my league.  Get outta here, you so called recent college graduate.  Cleaning bathroom stalls in a Boiler Room doesn't make you a trader, fool!

hahaha Latoboy, the maha lato shows us the demo account again.  Get real son and show us your REAL live account where you've only got $50 in equity.  Damn, these small fries: