Dismiss Notice
You are browsing this site as a guest. It takes 2 minutes to CREATE AN ACCOUNT and less than 1 minute to LOGIN

US Companies Financial Meltdown - Capitalism at its best?

Discussion in 'International Forum' started by Game Theory, Sep 14, 2008.

  1. G

    Game Theory JF-Expert Member

    #1
    Sep 14, 2008
    Joined: Sep 5, 2006
    Messages: 8,575
    Likes Received: 44
    Trophy Points: 0
    how many hours before ika collapse
    [​IMG]
    kisha collapse hiyo kaeni staby before zingine zikaanza kuanguka

    na jana bosi wa British Airways alisema kuwa kuna mashirika kama 50 hivi ya ndege dizaini ya XL zitacollapse kabla mwaka haujaisha

    Capitalism at its best?
     
  2. Rev. Kishoka

    Rev. Kishoka JF-Expert Member

    #2
    Sep 14, 2008
    Joined: Mar 7, 2006
    Messages: 4,396
    Likes Received: 16
    Trophy Points: 135
    Game Theory,

    It is interesting to see in USA the Motherland of all Capitalism that the Fedral Government is nationalising the failing private entities!

    Lehman Brothers,FreddieMac, FannieMae, Bear Sterns, IndyMac and now I hear a bail out for the Big Detroit companies, FORD, GM and others!

    Yes it is capitalism at its best, greedy has resulted in overfeeding and everything is stretched to the maximum for the sake of profit and everyone becomes reckless!
     
  3. G

    Game Theory JF-Expert Member

    #3
    Sep 14, 2008
    Joined: Sep 5, 2006
    Messages: 8,575
    Likes Received: 44
    Trophy Points: 0

    KISHOKA,
    If Lehman is not bought, stock goes under $1 Monday and Tuesday all firms pull the credit lines. Lehman is gone. All of their $475 billion in credit default swaps, etc. is gone as well. All of their counterparties will have to write down the value of their respective CDS positions.


    Further, liquidation of $600 billion portfolio (assets) will bring market to total freeze, and when all done, “may be” $.50 on $1 will be recovered. Which means on liabilities' side ($613 billion), their lenders are looking for another $300 billion write down on their assets.


    Next up (well, next week is more like it), WAMU and AIG, both will be gone. AIG holds $1 trillion in assets, WAMU holds close to $150 billion in customer deposits and over $200 billion in assets. Any investment bank, Goldman included, that thinks they can sit this one out is either delusional, or stupid, or both.

    Since i failed in my job interview with GS i have never been a fan

    always wanted to work for that bank but there you go...maybe i wasnt Jewish enough
     
  4. Rev. Kishoka

    Rev. Kishoka JF-Expert Member

    #4
    Sep 14, 2008
    Joined: Mar 7, 2006
    Messages: 4,396
    Likes Received: 16
    Trophy Points: 135
    Game,

    Ni ulaafi tuu, yes, nimesikia kuhusu WAMU ambayo ilianza kuchechemea miezi kama 7 iliyopita wakati Countrywide walipobwaga manyanga na BoA wakawanunua!

    Usishangae Watanzania kunyimwa mishahara mipya na kisingizio kikawa ni Lehman Bros!
     
  5. G

    Game Theory JF-Expert Member

    #5
    Sep 14, 2008
    Joined: Sep 5, 2006
    Messages: 8,575
    Likes Received: 44
    Trophy Points: 0
    on the same subject...The Financial Times la jana had more more on the emergency discussions in New York under this header:
    Wall Street firms could buy Lehman ‘bad bank'
    This apparently is just one option being discussed. There is much more in the article ...

    source:
    FT.com / In depth - Race to save Lehman Brothers continues

    I predict evil GS may be already planning ways to make money of REI global...what do you think Kishoka?
     
  6. G

    Game Theory JF-Expert Member

    #6
    Sep 14, 2008
    Joined: Sep 5, 2006
    Messages: 8,575
    Likes Received: 44
    Trophy Points: 0
    slavery is freedom
    war is peace
    stupidity is genius

    insolvency is solvency

    tusubiri Manchester United watakapo vaa jezi kama wenzao WESTHAM jana bila sponsor...
    [​IMG]

    looks like AIG nayo iko ukingoni au sisi waswahili tunaita magharibi...

    [​IMG]
     
  7. Rev. Kishoka

    Rev. Kishoka JF-Expert Member

    #7
    Sep 14, 2008
    Joined: Mar 7, 2006
    Messages: 4,396
    Likes Received: 16
    Trophy Points: 135
    Utawasikia Carlyle Group au Blackwell waikiweka mikono yao kutumia wale ma-lobbyst na kuinunua kwa kutumia private equity!

    Unajua Ufisadi wa Marekani hauna tofauti na wa Tanzania! Angalia Exxon wamepata double digit percentage profit, lakini 6 years ago Enron sank like Titanic.

    Sasa unasikia kuwa chief transition commander wa Babu yake Nyani McCain ni Chief Lobbyst wa American Petroleum Organization!

    We will learn a lot this year, hopefully in Tanzania they are awake!
     
  8. Rev. Kishoka

    Rev. Kishoka JF-Expert Member

    #8
    Sep 14, 2008
    Joined: Mar 7, 2006
    Messages: 4,396
    Likes Received: 16
    Trophy Points: 135
    On GS, nina mshikaji wangu nilifanya kazi naye about 8 years ago, alikuwa ni Mchumi PHD kutoka MIT, mwanafunzi wa Jeffrey Sachs akaenda NY kwa interview GS, akagonga mwamba. Sasa hivi ni chief economic commentary wa CME!

    He never liked GS baada ya kunyimwa kazi, and he is a Myahudi!
     
  9. G

    Game Theory JF-Expert Member

    #9
    Sep 14, 2008
    Joined: Sep 5, 2006
    Messages: 8,575
    Likes Received: 44
    Trophy Points: 0

    If Lehman liquidates, WAMU goes down, Venezuela nationalizes fuel supplies, and Iraq walks from western companies and signs with China, all in a week's time, it's gonna be a pretty jumpin party on Wall St....

    On the subject of Carlyle Group...wasn't Carlyle suppose to pick up the $45 billion in mortgages that Citigroup wanted to sell?

    This says alot about U.S education isnt it? hawa wanaojifanya wamesoma sana have been at the cornerstone of the failing US economy that is failing all around kisa na mkasa tunaambiwa kuwa uchumi unaendeshwa na BEST and BRIGHTEST graduates of American top Ivy league (and others) business schools.


    Take it from me bro, apparently earning a MBA from Harvard,Yale, Princeton, etc requires students to learn how to lie and steal their way to bilions in annual compensation and laugh at the little guy while being chauffered "all the way to the bank." kama alivyosema 50 cent! yes and their pockets are well lined... property in Bolivia, and elsewhere, secured... accounts in Switzerland (and the Cayman Islands, etc.) free from any oversight or regulation...halafu eti akina Hosea na JK wanasema wanaweza kupata pesa zaote za rushwa!!!!
     
  10. G

    Game Theory JF-Expert Member

    #10
    Sep 14, 2008
    Joined: Sep 5, 2006
    Messages: 8,575
    Likes Received: 44
    Trophy Points: 0
    speaking of GS...hivi ulishaitazama ile movie ya Tom Hanks ya Bonfires of the Vanities?..well the book was much better...another interesting read hapa:

     
  11. G

    Game Theory JF-Expert Member

    #11
    Sep 14, 2008
    Joined: Sep 5, 2006
    Messages: 8,575
    Likes Received: 44
    Trophy Points: 0
    Mwenzio interviews za miezi 6 zilinishinda na i was fresh from Uni so you can imagine how ambitious nilivyokuwa. Unaambiwa ex staff mara nyingi wakiacha kazi GS huwa hawaendi kufanya kazi kwingine tena..mara nyingi they preger kustaafu tuu.

    Lakini why would one wanna work else where after Goldman Sachs? well unless one wants to be a hedge fund manager since Goldman is, after all, a ruthless place, one that sucks very smart people in and spits them out with surprising rapidity and from what i know about GS is people leave because they're rich enough like the pre-IPO partners, as they're known at Goldman, each got stock worth an average of over $100 million

    This dude below used to be CEO @Goldman Sachs now he is the US Secretary of treasury and before he became secretary of the treasure he has been to China more than 70 times times since 1992 and is closer to China's leaders than many in the U.S. government.
    [​IMG]
    now about Mc Kinsey they are much better than GS at least i was called for an interview in their Johannesburg offices even though i never got the job

    By the way last time i checked Chelsea Clinton wasworking with McKinsey na kuna mtu jana kaniambia hayuko tena huko..havent cross checked though
     
  12. Rev. Kishoka

    Rev. Kishoka JF-Expert Member

    #12
    Sep 14, 2008
    Joined: Mar 7, 2006
    Messages: 4,396
    Likes Received: 16
    Trophy Points: 135
    GT,

    I have always preached that Capitalism is ruthless, na watu wananitukana!

    Hii Free Market economy ambayo tunaikimbilia kichwa kichwa inatufanya tuwe watafutaji kwa nguvu na si kwa ubunifu.

    Wamarekani wamebakia kutegemea immigrants both legal and illegl to run the economy and becoming creative, huku wao wakitafuta cheap and simple ways to make more money.

    Ndiyo maana unasikia wehu wa Wall Street crisis, kila mtu anataka ale Zucchini, oysters, caviar na kuendesha Maserati!
     
  13. M

    MiratKad JF-Expert Member

    #13
    Sep 14, 2008
    Joined: May 2, 2008
    Messages: 294
    Likes Received: 0
    Trophy Points: 0
    GT,

    I think this is going too far. GS will weather the storm. They are too well connected.

    "Bankers at Goldman Sachs are set to share a $20.2bn (£10bn) bonus pool on the back of a record year at one of Wall Street's most prestigious names.

    Goldman, reporting a bumper 2007 profit of $11.6bn for the year to November, revealed that total bonuses for the 12 month period were $20.19bn, a 23pc rise on 2006's $16.5bn pool.

    Lloyd Blankfein
    Goldman chief executive Lloyd Blankfein has led the bank to a record year

    It employs approximately 29,900 people around the world, which means the average bonus per worker is $675,250, compared with around $640,000 last year when there were slightly fewer staff."


    Pole sana, lakini hongera kwa kujaribu. si lazima uwe myahudi kufanya kazi na hawa jamaa. You just need an aura of invincibility. Or being super/street smart. Nina jamaa zangu ambao ni ma-traders hapo.
     
  14. Rev. Kishoka

    Rev. Kishoka JF-Expert Member

    #14
    Sep 14, 2008
    Joined: Mar 7, 2006
    Messages: 4,396
    Likes Received: 16
    Trophy Points: 135
    Tupe basi nyeti stock gani tuikimbilie na kupata pesa chap chap tufurahie "ufisadi" na sisi!
     
  15. M

    MiratKad JF-Expert Member

    #15
    Sep 14, 2008
    Joined: May 2, 2008
    Messages: 294
    Likes Received: 0
    Trophy Points: 0
    But other systems have proved to be failures! You know what happen the SOVIET.

    However, I agree that with Capitalism there is a sizeable element of greed but that is probably just the flipside of competitive individuals chasing success as hard as they can.
     
  16. Kuhani

    Kuhani JF-Expert Member

    #16
    Sep 14, 2008
    Joined: Apr 2, 2008
    Messages: 2,944
    Likes Received: 6
    Trophy Points: 135
    Kishoka,

    Zucchini hata mimi na wewe tunaweza kumudu. Ha ha aaaaa.

    [​IMG]

    Wa Wallstreet wanakula hiyo Caviar. Oyster zipo madukani kwenye vikopo vya $2.99 (unless nimelishwa vi-artificial! ). Natafuta hiyo Caviar hiyo. Isije ikawa bomu na yenyewe, manake hiyo Zucchini ni afadhali tango la kibongo.

    Back to the business at hand.

    Unapohubiri kwamba Capitalism ni ukatili halafu watu wanakutukana hilo linashangaza. Kwa sababu hakuna mchumi yeyote anae stahili jina lake anaeweza kubisha hilo hadharani . Inajulikana wazi kwamba Ukabaila ni unyonyaji wa kikatili.

    Tatizo, Rev. Kishoka, ambacho kinatatiza watu waongofu na wasiopenda unyonyaji na ukatili wa kiuchumi kama wewe ni kwamba Ukabaila ndio una mafanikio!

    Hakuna anaesema Ukabaila una maadili, una huruma, una mema, una ubinadamu. La hasha.

    Wanasema - makabaila wanatucheka wanasema - mabeberu ndio hawafi na njaa. Wajamaa wanafukarika mpaka wanashindwa kupigana na wadudu. Wanauawa na mbu!

    Kibaya zaidi Rev. Kishoka, kibaya kitakacho kuuma zaidi, ni kwamba hata ule utu wa kijamaa ambao ndio tulijivunia tumebaki nao japo tu fukara Wajamaa wa Afrika siku hizi nao tumeshindwa kujivunia kwa sababu tunauana kwa sababu fukara wamewachoka mabeberu wa Kiafrika. Siku hizi mnawaita mafisadi.

    A vicious heinous cycle of poverty, despair, disease, death and disaster.

    Spelled Socialism.
     
  17. M

    MiratKad JF-Expert Member

    #17
    Sep 14, 2008
    Joined: May 2, 2008
    Messages: 294
    Likes Received: 0
    Trophy Points: 0
    That is it. You have nailed it.
     
  18. M

    MiratKad JF-Expert Member

    #18
    Sep 14, 2008
    Joined: May 2, 2008
    Messages: 294
    Likes Received: 0
    Trophy Points: 0
    Hawa jamaa wanapendekeza stocks na wanapublish all the time. But you invest in those risky assets aware that discretion is the better part of your valour.
     
  19. G

    Game Theory JF-Expert Member

    #19
    Sep 14, 2008
    Joined: Sep 5, 2006
    Messages: 8,575
    Likes Received: 44
    Trophy Points: 0


    In the accounting world, i know they make the distinction between pre-tax and post-tax.

    For GS they need to make the distinction between pre-lawsuit and post-lawsuit.

    GS forgot that they lived in the same financial pond as all of the others. They believed the "contained to subprime" myth, expecting their other lines of business to continue on as usual.

    Surprise, surprise...Those braggarts will be paying big bucks to pension funds, et al., post-lawsuit.

    Breaks my heart.
     
  20. G

    Game Theory JF-Expert Member

    #20
    Sep 14, 2008
    Joined: Sep 5, 2006
    Messages: 8,575
    Likes Received: 44
    Trophy Points: 0
    Hivi mnajua how the Chinese bought skate in CITI kwa kuweka vijisenti tuu?
     
Loading...