Cov Lite's Profile

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Entry: "JPMorgan, NYFED To Provide Financing To Bear Stearns"

posted by Cov Lite

Mar 14, 2008 10:04AM

Dude. These guys are FUCKED

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Entry: "JPMorgan, NYFED To Provide Financing To Bear Stearns"

posted by Cov Lite

Mar 14, 2008 10:04AM

What happens when your business is based on a market that no longer exists?

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Entry: "JPMorgan, NYFED To Provide Financing To Bear Stearns"

posted by Cov Lite

Mar 14, 2008 10:23AM

Friend of mine (Bear employee) has most of her 401k in BSC stock, as do a lot of other employees.

Poor bastards. That place is a shitshow

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Entry: "JPMorgan, NYFED To Provide Financing To Bear Stearns"

posted by Cov Lite

Mar 14, 2008 10:35AM

@10:28 and 10:33 - Yes. Back-office. May be a bit too optimistic on the fortunes of the greatest joke ever.

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Entry: "JPMorgan, NYFED To Provide Financing To Bear Stearns"

posted by Cov Lite

Mar 14, 2008 10:42AM

Smoking pot and gay sex in the men's room on the 14th floor.

Bad combo already. Combine that with prime brokerage and you're toast.

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Entry: "JPMorgan, NYFED To Provide Financing To Bear Stearns"

posted by Cov Lite

Mar 14, 2008 11:33AM

I just threw up a little in my mouth

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Entry: Blocking DealBreaker As A Leading Indicator

posted by Cov Lite

Mar 14, 2008 4:55PM

Thank you Random!

I have to use the men's room now.

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Entry: JP Morgan Agees To Buy Bear Stearns In Stock Deal
Deal Values Bear Stearns At $2 Per Share

posted by Cov Lite

Mar 16, 2008 7:38PM

markets to sell-off bigtime tomorrow. $2/share will scare people by implying shit's a lot worse than people imagined.

$2/share implies some pretty nasty assets on the books.

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Entry: Live-Blogging The JP Morgan Chase Bear Stearns Conference Call

posted by Cov Lite

Mar 16, 2008 9:45PM

Go long canned goods and ammo baby

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Entry: Irony: It's Not Just for Breakfast Anymore

posted by Cov Lite

Apr 07, 2008 11:56PM

Now that Ron Paul is out of the running, it's time for personal responsibility?

Come on, had Doctor Representative Ron Paul been Prsesident 4 years ago, we would not be in this mess, nor would we need the Fed playing Wall St. socialist.

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Entry: Irony: It's Not Just for Breakfast Anymore

posted by Cov Lite

Apr 07, 2008 11:56PM

Now that Ron Paul is out of the running, it's time for personal responsibility?

Come on, had Doctor Representative Ron Paul been Prsesident 4 years ago, we would not be in this mess, nor would we need the Fed playing Wall St. socialist.

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Entry: Irony: It's Not Just for Breakfast Anymore

posted by Cov Lite

Apr 09, 2008 6:23PM

10:49 - You forgot my favorite re not reading the prospectus

"Some investors admit they never read the prospectuses, or didn't understand them. 'There was a lot of mumbo jumbo there,'..."

Personally, when I don't understand something, I invest my life savings in it anyway.

fucking pikers

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Entry: Name That Instrument

posted by Cov Lite

Apr 10, 2008 7:04PM

Popularity of Doctor Representative Ron Paul after people realized 90% of Americans have no sense of personal responsibility?

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Entry: Even Meredith Whitney Is Going, "Okay, Now You're Just Being Silly"

posted by Cov Lite

Apr 11, 2008 1:09PM

This site is full of 'tards

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Entry: Write-Offs: 06.03.08

posted by Cov Lite

Jun 03, 2008 9:03PM

i was actually laid off earlier this month from a mezz fund. Believe-it-or-not (Ripley's!), my covenants were not that light.

Strangely a free feeling, especially if you're one of many.

If you're intelligent enough, no need to worry about the shit the poors caused with speculative mortgages.

Ron Paul!!!!!!!!!!!!

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Entry: Write-Offs: 06.03.08

posted by Cov Lite

Jun 03, 2008 9:08PM

P.S. Now that I have some free time, I hope to impress JC and BL with my insight, as well as a strong tendency towards voting for Republicans by the initials of Doctor, Honorable R.P.

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Entry: Write-Offs: 06.03.08

posted by Cov Lite

Jun 04, 2008 1:49AM

@10:14 - Post under something besides "guest" and then I will take you seriously.

My comments regarding "poors" was meant in jest. If I have to explain, you should not be commenting and believe it or not (again, Ripley's) some people in finance come from modest backgrounds. Don't assume you know anything based on random comments, and again, if you have balls, you're no "guest/"

Please vote for Dr. R. Paul

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Entry: Write-Offs: 06.03.08

posted by Cov Lite

Jun 04, 2008 1:54AM

@10:14 - You're probably also a fag, although I mean no disrepect to GaYnalyst nor to Mr. P., or whatever the spelling, they know how they are, you do not).