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Wall Street Oasis » Blogs » Edmundo Braverman's blog
< previous | next >

US Debt Growing at $10 Million a Minute
 

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Edmundo Braverman's picture
Edmundo Braverman
      ST
 
 
(Human, 14,409
 
Points)
 on 8/15/12 at 10:14am

If this doesn't make you reach for the Pepto Bismol, nothing will. Not only is the runaway train of US government debt accelerating at a staggering $10 million each minute, neither Presidential candidate has a viable plan to stop it. For those of us planning to live another 20-30 years (which I have to believe is most of you reading this) this is scary, scary stuff:

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Tags:
  • government debt
  • financial apocalypse

Comments

Nefarious-'s picture

"The fact that we are here

Nefarious-
      CF
 
(Neanderthal, 2,216
 
Points)
 on 8/15/12 at 8:38am

"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies."

Senator Barack Obama
Senate Floor Speech on Public Debt
March 16, 2006
http://i.imgur.com/UKz51.jpg

You have to feel bad for him though. If he gets re-elected, look at the mess he will inherit.

Here is a pretty good infographic of the problem: http://demonocracy.info/infographics/usa/us_debt/u...

You're born, you take shit. You get out in the world, you take more shit. You climb a little higher, you take less shit. Till one day you're up in the rarefied atmosphere and you've forgotten what shit even looks like. Welcome to the layer cake, son.

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UFOinsider's picture

Nefarious-: (Obama) If he

UFOinsider
      O
 
(Human, 10,349
 
Points)
 on 8/15/12 at 8:40am
Nefarious-:

(Obama) If he gets re-elected, look at the mess he will inherit.

I'm actually looking forward to seeing how he deals with it.

YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...

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trailmix8's picture

so when the government says

trailmix8
      AM
 
 
(Senior Gorilla, 932
 
Points)
 on 8/15/12 at 8:40am

so when the government says that they are planning 100 billion in deficit reduction by 2020, do they realize that they are talking about flattening out about 17 hours worth of deficit growth? Or do they just not care because 100 billion in reduction to someone watching a presidential conference sounds like a big number.

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Nefarious-'s picture

UFOinsider: Nefarious-:

Nefarious-
      CF
 
(Neanderthal, 2,216
 
Points)
 on 8/15/12 at 8:43am
UFOinsider:
Nefarious-:

(Obama) If he gets re-elected, look at the mess he will inherit.

I'm actually looking forward to seeing how he deals with it.

He won't, he is too busy going to fundraisers with George Clooney and taking his daughters to ride bumper cars.

You're born, you take shit. You get out in the world, you take more shit. You climb a little higher, you take less shit. Till one day you're up in the rarefied atmosphere and you've forgotten what shit even looks like. Welcome to the layer cake, son.

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trazer985's picture

If you focus on the factors

trazer985
      ST
 
 
(King Kong, 1,747
 
Points)
 on 8/15/12 at 8:55am

If you focus on the factors that can "give way", if you're a state employed retiree, then you should be really worried right about now. A crazy amount of first world debt is to pension obligations, pass a law that reduces these and boom.

My sympathy is limited. If you picked a job because of the comfy state pension that it comes with, and there wouldnt be a crazy influx of people doing the same thing making the system unsustainable (and you're planning for what, 50 years time?) then its the price for being naive.

Inflation and the above will bring the debt down to manageable levels for the US. You still create a lot of businesses, import the talent your failing state education system doesn't provide (because its not economical when you can buy it - and im NOT talking about your universities), in a business sense you still generate a lot of cash, so I think this debt thing, while serious, will not destroy the US.
T

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UFOinsider's picture

Nefarious-: UFOinsider: N

UFOinsider
      O
 
(Human, 10,349
 
Points)
 on 8/15/12 at 8:57am
Nefarious-:
UFOinsider:
Nefarious-:

(Obama) If he gets re-elected, look at the mess he will inherit.

I'm actually looking forward to seeing how he deals with it.

He won't, he is too busy going to fundraisers with George Clooney and taking his daughters to ride bumper cars.

As opposed to what? Mitt travelling to Israel for $1MM campaign donations, watching his wife's horse dancing, and hanging out with Bruce Willis? I can do this all day long, but there's no point, neither of us is going to change their mind.

I'm serious: I want to see what progress he makes compared to every president since the 60's. Not a single one has actually balanced the budget, despite the talk talk talk. This guy is an outlier, I'll give him a shot.

YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...

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Nefarious-'s picture

UFOinsider: Nefarious-: U

Nefarious-
      CF
 
(Neanderthal, 2,216
 
Points)
 on 8/15/12 at 9:04am
UFOinsider:
Nefarious-:
UFOinsider:
Nefarious-:

(Obama) If he gets re-elected, look at the mess he will inherit.

I'm actually looking forward to seeing how he deals with it.

He won't, he is too busy going to fundraisers with George Clooney and taking his daughters to ride bumper cars.

As opposed to what? Mitt travelling to Israel for $1MM campaign donations, watching his wife's horse dancing, and hanging out with Bruce Willis? I can do this all day long, but there's no point, neither of us is going to change their mind.

I'm serious: I want to see what progress he makes compared to every president since the 60's. Not a single one has actually balanced the budget, despite the talk talk talk. This guy is an outlier, I'll give him a shot.

Who the fuck said anything about Mitt? Since you brought him up, I would much rather have him, an ex executive at Bain, who has made a career out of being business and finance focused, be in charge of running the country with its current economic situation.

You're born, you take shit. You get out in the world, you take more shit. You climb a little higher, you take less shit. Till one day you're up in the rarefied atmosphere and you've forgotten what shit even looks like. Welcome to the layer cake, son.

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happypantsmcgee's picture

I have to believe that every

happypantsmcgee
      O
 
 
(Almost Human, 9,621
 
Points)
 on 8/15/12 at 9:21am

I have to believe that every generation has thought that shit was awful and only getting worse. That said, I feel like shit is awful and only getting worse.

If I had asked people what they wanted, they would have said faster horses - Henry Ford

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UFOinsider's picture

Nefarious-: OMG WAAAA WAAA

UFOinsider
      O
 
(Human, 10,349
 
Points)
 on 8/15/12 at 9:29am
Nefarious-:

OMG WAAAA WAAA WAAA SOMEONE DISAGREES WITH ME

Ugh, whatever, enough threads on WSO have had the air sucked out of every other line of thought over political arguments that go like this "blah blah blah, blah, Blah bla, you don't agree with me because you're stupid, blah blah blah, I'm always right, blah .....blah". You're not going to convince me or anyone else to see things your way, it's too late for that. Jeez, calm down and BREATHE dude, and let people speak their minds without jumping all over it with stupidity.

Moving along

I don't see Romney winning, but if he does, I'm inclined to think he'll run up the debt just like Bush did: I used to be a republican but realistically, no republican in my lifetime has ever reduced the deficit, so I'm just not convinced this guy will. He sounds like every other rebpublican I've ever seen, and I've worked in politics for most of my life in one capacity or another. If Obama wins, I'd be curious to see how his plans play out. If he fails, the GOP will win in 2016, simple as that. If he actually makes progress....what's not to like?? I'm just curious to see a different approach. React however you want to that.

YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...

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Scott Irish's picture

This is why I don't

Scott Irish
      O
 
 
(Orangutan, 369
 
Points)
 on 8/15/12 at 9:28am

This is why I don't understand the "No big deal, nothing to see here" response to Peter Schiff the other day.

UFO - I'm not in Camp Mitt or Camp Barack when i say this, but I don't remember seeing another president run for his second term saying "I'm gonna keep trying" and pointing to his predecessor for blame instead of taking credit for all the great stuff he thinks he accomplished in his first term.

I think Obama:Economy in 2012 as Bush:Wars in 2004. No, I haven't done a good job, but stay the course, the other guy's worse!

And to the original topic, we're just fucked. I'm buying bullets and getting ready for some Mad Max beyond the Thunderdome type shit when this goes down.

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Asatar's picture

This is a problem throughout

Asatar
      O
 
 
(Neanderthal, 2,032
 
Points)
 on 8/15/12 at 9:32am

This is a problem throughout the developed Western world with the US and UK epitomising it perfectly. The debt simply cannot keep growing as it is, one of three things HAS to happen:

  • Inflate the debt away
  • Pay down the debt
  • Default on the debt

The rate at which government debt is growing would require a large degree of inflation, certainly far more than we are used to in order to reduce it and this would really hurt consumers. Paying it down is not a realistic option. Defaulting, inflating or kicking the can are the only paths, and kicking the can is only viable for so long.

I do believe that in our lifetimes the US, UK, Japan and others are going to have a serious problem with this debt and things are going to have to change. Many aspects of the welfare state and social security are just laughable including the level of public pensions, state-benefits and the subsidising of under-performing industries. They cannot continue forever.

See my other WSO blog posts>

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UFOinsider's picture

Scott Irish: And to the

UFOinsider
      O
 
(Human, 10,349
 
Points)
 on 8/15/12 at 9:39am
Scott Irish:

And to the original topic, we're just fucked. I'm buying bullets and getting ready for some Mad Max beyond the Thunderdome type shit when this goes down.

Yeah, have had that shit ready since 1985, no joke. I think we have at least another decade before things get like Europe, but honestly it's the only major issue I think hasn't been dealt with head on yet. I personally don't care who fixes it, or really how, as long as people start looking at it now.

YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...

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Nefarious-'s picture

UFOinsider: Nefarious-: OMG

Nefarious-
      CF
 
(Neanderthal, 2,216
 
Points)
 on 8/15/12 at 9:39am
UFOinsider:
Nefarious-:

OMG WAAAA WAAA WAAA SOMEONE DISAGREES WITH ME

Ugh, whatever, enough threads on WSO have had the air sucked out of every other line of thought over political arguments that go like this "blah blah blah, blah, Blah bla, you don't agree with me because you're stupid, blah blah blah, I'm always right, blah .....blah". You're not going to convince me or anyone else to see things your way, it's too late for that. Jeez, calm down and BREATHE dude, and let people speak their minds without jumping all over it with stupidity.

Moving along

I don't see Romney winning, but if he does, I'm inclined to think he'll run up the debt just like Bush did: I used to be a republican but realistically, no republican in my lifetime has ever reduced the deficit, so I'm just not convinced this guy will. He sounds like every other rebpublican I've ever seen, and I've worked in politics for most of my life in one capacity or another. If Obama wins, I'd be curious to see how his plans play out. If he fails, the GOP will win in 2016, simple as that. If he actually makes progress....what's not to like?? I'm just curious to see a different approach. React however you want to that.

I am not even entirely convinced you are even employed.

You're born, you take shit. You get out in the world, you take more shit. You climb a little higher, you take less shit. Till one day you're up in the rarefied atmosphere and you've forgotten what shit even looks like. Welcome to the layer cake, son.

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Nefarious-'s picture

UFOinsider: Nefarious-: OMG

Nefarious-
      CF
 
(Neanderthal, 2,216
 
Points)
 on 8/15/12 at 9:43am
UFOinsider:
Nefarious-:

OMG WAAAA WAAA WAAA SOMEONE DISAGREES WITH ME

Ugh, whatever, enough threads on WSO have had the air sucked out of every other line of thought over political arguments that go like this "blah blah blah, blah, Blah bla, you don't agree with me because you're stupid, blah blah blah, I'm always right, blah .....blah". You're not going to convince me or anyone else to see things your way, it's too late for that. Jeez, calm down and BREATHE dude, and let people speak their minds without jumping all over it with stupidity.

Moving along

I don't see Romney winning, but if he does, I'm inclined to think he'll run up the debt just like Bush did: I used to be a republican but realistically, no republican in my lifetime has ever reduced the deficit, so I'm just not convinced this guy will. He sounds like every other rebpublican I've ever seen, and I've worked in politics for most of my life in one capacity or another. If Obama wins, I'd be curious to see how his plans play out. If he fails, the GOP will win in 2016, simple as that. If he actually makes progress....what's not to like?? I'm just curious to see a different approach. React however you want to that.

BTW, you should read this article:

http://townhall.com/columnists/johnhawkins/2012/05...

Obama will go down in history as the worst president ever. Ripping the title from Jimmy Carter's iron grip. At least Carter made homebrewing legal.

You're born, you take shit. You get out in the world, you take more shit. You climb a little higher, you take less shit. Till one day you're up in the rarefied atmosphere and you've forgotten what shit even looks like. Welcome to the layer cake, son.

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UFOinsider's picture

Is there a way to short

UFOinsider
      O
 
(Human, 10,349
 
Points)
 on 8/15/12 at 10:07am

Is there a way to short American debt instruments? I don't know anything about the bond business, can I short a gov't issue?

YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...

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philosophizingphilosoraptor's picture

UFOinsider: Nefarious-: U

philosophizingp...
     
 
(Senior Baboon, 175
 
Points)
 on 8/15/12 at 10:10am
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To the starving man, beans are caviar

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Addinator's picture

UFOinsider: Is there a way to

Addinator
      ST
 
 
(Senior Gorilla, 936
 
Points)
 on 8/15/12 at 10:13am

Contact: [email protected]
See my other blog posts

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TNA's picture

Obama won't be the worst, but

TNA
      O
 
 
(Human, 13,540
 
Points)
 on 8/15/12 at 10:15am

MSF Website
MACC Website
MSF Twitter

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wannabeaballer's picture

The US is rich in natural

wannabeaballer
      O
 
(Senior Orangutan, 455
 
Points)
 on 8/15/12 at 10:16am

Gun Control Discussion

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trazer985's picture

TNA: Obama won't be the

trazer985
      ST
 
 
(King Kong, 1,747
 
Points)
 on 8/15/12 at 10:18am
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philosophizingphilosoraptor's picture

Nefarious-: UFOinsider: N

philosophizingp...
     
 
(Senior Baboon, 175
 
Points)
 on 8/15/12 at 10:19am

To the starving man, beans are caviar

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TheKing's picture

Romney gave an interview to

TheKing
      O
 
 
(Senior Neanderthal, 5,146
 
Points)
 on 8/15/12 at 10:25am

Check out my WSO Blog

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Abdel's picture

UFOinsider: Is there a way to

Abdel
      O
 
(Neanderthal, 2,064
 
Points)
 on 8/15/12 at 10:26am
  • 0
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TNA's picture

philosophizingphilosoraptor:

TNA
      O
 
 
(Human, 13,540
 
Points)
 on 8/15/12 at 10:28am

MSF Website
MACC Website
MSF Twitter

  • 0
  •  
  •  
UFOinsider's picture

philosophizingphilosoraptor:

UFOinsider
      O
 
(Human, 10,349
 
Points)
 on 8/15/12 at 10:29am

YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...

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TNA's picture

TheKing: Romney gave an

TNA
      O
 
 
(Human, 13,540
 
Points)
 on 8/15/12 at 10:30am

MSF Website
MACC Website
MSF Twitter

  • 0
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Addinator's picture

philosophizingphilosoraptor:

Addinator
      ST
 
 
(Senior Gorilla, 936
 
Points)
 on 8/15/12 at 10:31am

Contact: [email protected]
See my other blog posts

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Tolland15's picture

Nefarious-: UFOinsider: N

Tolland15
      O
 
(Baboon, 150
 
Points)
 on 8/15/12 at 10:40am

I was taught that the human brain was the crowning glory of evolution so far, but I think it's a very poor scheme for survival.

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Cola Coca's picture

Sometimes too much focus is

Cola Coca
      O
 
(Orangutan, 321
 
Points)
 on 8/15/12 at 10:44am
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Tolland15's picture

Cola Coca: Sometimes too much

Tolland15
      O
 
(Baboon, 150
 
Points)
 on 8/15/12 at 10:48am

I was taught that the human brain was the crowning glory of evolution so far, but I think it's a very poor scheme for survival.

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  •  
TNA's picture

I don't know, I think this is

TNA
      O
 
 
(Human, 13,540
 
Points)
 on 8/15/12 at 10:51am

MSF Website
MACC Website
MSF Twitter

  • 0
  •  
  •  
Nefarious-'s picture

UFOinsider: philosophizingp

Nefarious-
      CF
 
(Neanderthal, 2,216
 
Points)
 on 8/15/12 at 10:52am

You're born, you take shit. You get out in the world, you take more shit. You climb a little higher, you take less shit. Till one day you're up in the rarefied atmosphere and you've forgotten what shit even looks like. Welcome to the layer cake, son.

  • 0
  •  
  •  
philosophizingphilosoraptor's picture

Tolland15: Cola

philosophizingp...
     
 
(Senior Baboon, 175
 
Points)
 on 8/15/12 at 10:54am

To the starving man, beans are caviar

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Scott Irish's picture

A few things: 1) It's

Scott Irish
      O
 
 
(Orangutan, 369
 
Points)
 on 8/15/12 at 11:08am
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TheKing's picture

TNA: I don't know, I think

TheKing
      O
 
 
(Senior Neanderthal, 5,146
 
Points)
 on 8/15/12 at 11:16am

Check out my WSO Blog

  • 1
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  •  
TNA's picture

TheKing: TNA: I don't know,

TNA
      O
 
 
(Human, 13,540
 
Points)
 on 8/15/12 at 11:22am

MSF Website
MACC Website
MSF Twitter

  • 0
  •  
  •  
TheKing's picture

Scott Irish: A few things: 1)

TheKing
      O
 
 
(Senior Neanderthal, 5,146
 
Points)
 on 8/15/12 at 11:36am

Check out my WSO Blog

  • 0
  •  
  •  
UFOinsider's picture

Nefarious-: I am completely

UFOinsider
      O
 
(Human, 10,349
 
Points)
 on 8/15/12 at 11:51am

YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...

  • -1
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Asatar's picture

I think this thread is

Asatar
      O
 
 
(Neanderthal, 2,032
 
Points)
 on 8/15/12 at 11:38am

See my other WSO blog posts>

  • 0
  •  
  •  
TheKing's picture

ANT - I agree with you on the

TheKing
      O
 
 
(Senior Neanderthal, 5,146
 
Points)
 on 8/15/12 at 11:39am

Check out my WSO Blog

  • 0
  •  
  •  
bfin's picture

Let the Humble bragging

bfin
      CF
 
(Neanderthal, 2,773
 
Points)
 on 8/15/12 at 11:40am

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee

WSO is not your personal search function.

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  •  
TNA's picture

TheKing: ANT - I agree with

TNA
      O
 
 
(Human, 13,540
 
Points)
 on 8/15/12 at 11:48am

MSF Website
MACC Website
MSF Twitter

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  •  
  •  
bfin's picture

TNA: TheKing: ANT - I agree

bfin
      CF
 
(Neanderthal, 2,773
 
Points)
 on 8/15/12 at 11:51am

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee

WSO is not your personal search function.

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  •  
  •  
Tolland15's picture

TheKing: ANT - I agree with

Tolland15
      O
 
(Baboon, 150
 
Points)
 on 8/15/12 at 11:53am

I was taught that the human brain was the crowning glory of evolution so far, but I think it's a very poor scheme for survival.

  • 0
  •  
  •  
Cola Coca's picture

TNA: I don't know, I think

Cola Coca
      O
 
(Orangutan, 321
 
Points)
 on 8/15/12 at 11:55am
  • 0
  •  
  •  
Edmundo Braverman's picture

UFOinsider: Nefarious-: I

Edmundo Braverman
      ST
 
 
(Human, 14,409
 
Points)
 on 8/15/12 at 11:58am

  • 0
  •  
  •  
rls's picture

philosophizingphilosoraptor:

rls
      HF
 
 
(Orangutan, 367
 
Points)
 on 8/15/12 at 12:00pm

Bene qui latuit, bene vixit- Ovid

  • 0
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blackrainn's picture

To all creditors out there,

blackrainn
      O
 
(Orangutan, 354
 
Points)
 on 8/15/12 at 12:03pm
  • 0
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  •  
TheKing's picture

TNA: TheKing: ANT - I agree

TheKing
      O
 
 
(Senior Neanderthal, 5,146
 
Points)
 on 8/15/12 at 12:04pm

Check out my WSO Blog

  • 0
  •  
  •  
freeloader's picture

TNA: I don't know, I think

freeloader
      PE
 
(Senior Gorilla, 917
 
Points)
 on 8/15/12 at 12:07pm
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Terms and Conditions of Use
These are the "Terms and Conditions" under which you may use WallStreetOasis.com. Please read this page carefully including the Privacy Policy below. If you do not accept the Terms and Conditions and Privacy Policy stated here, do not use this web site or any services offered by this web site. By using this web site, you are indicating your acceptance to be bound by the terms of these Terms and Conditions and Privacy Policy. IB Oasis Corp. (the "Company") may revise these Terms and Conditions and Privacy Policy at any time by updating this posting. You should visit this page periodically to review the Terms and Conditions and Privacy Policy, because they are binding on you. The terms "You" and "User" as used herein refer to all individuals and/or entities accessing this web site for any reason.

Neither WallStreetOasis.com, IB Oasis Corp. nor employees of IB Oasis Corp. are investment advisors. The purpose of this website is NOT to give any advice on your personal investment strategy. If you base your investment decisions on content of this website, you may lose part or all of your money.

You should not violate any other law or regulation, including, without limitation, the rules and regulations of the U.S. Securities and Exchange Commission and the national or other securities exchanges, especially including the rule against making false or misleading statements to manipulate the price of a security or the rule requiring you to disclose any compensation you may receive for describing a security.

You should not access WallStreetOasis.com by any means other than through the interfaces we provide for use in accessing our services or use any automated means, including, without limitation, agents, robots, scripts, or spiders, to access, monitor, copy, or harvest data from any part of our sites, except those automated means that we have approved in advance and in writing.

The Company, in its sole discretion, reserves the right to remove any postings, or deny access by any individuals, for any reason or no reason.

If you see something that you feel is a violation of the these Terms and Conditions, please notify us by emailing wallstreetoasis at wallstreetoasis.com.

We reserve the right to change the Terms and Conditions at any time. Changes will be posted on the applicable web page.

Use of Material.

The Company authorizes you to view and download a single copy of the material on www.WallStreetOasis.com (the "Web Site") solely for your personal, noncommercial use. By using the Web Site you are giving the Company the sole right to use any and all content you generate or publish on the site for commercial, non-commercial or promotional purposes. This includes any and all forum posts, comments, blog posts or any other material you generate on the Web Site.

The contents of this Web Site, such as text, graphics, images, logos, button icons, software and other items (collectively, "Material"), are protected under both United States and foreign copyright, trademark and other laws. All Material is the property of the Company or its content suppliers or clients. The compilation (meaning the collection, arrangement and assembly) of all content on this Web Site is the exclusive property of the Company and protected by U.S. and international copyright laws. Unauthorized use of the Material may violate copyright, trademark, and other laws. You must retain all copyright, trademark, service-mark and other proprietary notices contained in the original Material on any copy you make of the Material. You may not sell or modify the Material or reproduce, display, publicly perform, distribute, or otherwise use the Material in any way for any public or commercial purpose. The use of the Material on any other web site or in a networked computer environment for any purpose is prohibited.

You shall not copy or adapt the HTML code that the Company creates to generate its pages. It is also protected by the Company?s copyright.

Acceptable Site Use.

General Rules: Users may not use the Web Site in order to transmit, distribute, store or destroy material (a) in violation of any applicable law or regulation, (b) in a manner that will infringe the copyright, trademark, trade secret or other intellectual property rights of others or violate the privacy, publicity or other personal rights of others, or (c) that is defamatory, obscene, threatening, abusive or hateful.

Web Site Security Rules. Users are prohibited from violating or attempting to violate the security of the Web Site, including, without limitation, (a) accessing data not intended for such user or logging into a server or account which the user is not authorized to access, (b) attempting to probe, scan or test the vulnerability of a system or network or to breach security or authentication measures without proper authorization, (c) attempting to interfere with service to any user, host or network, including, without limitation, via means of submitting a virus to the Web Site, overloading, "flooding", "spamming", "mailbombing" or "crashing", (d) sending unsolicited e-mail, including promotions and/or advertising of products or services, or (e) forging any TCP/IP packet header or any part of the header information in any e-mail. Violations of system or network security may result in civil or criminal liability. The Company will investigate occurrences which may involve such violations and may involve, and cooperate with, law enforcement authorities in prosecuting users who are involved in such violations.

Specific Prohibited Uses.

The Company specifically prohibits any use of the Web Site, and all users agree not to use the Web Site, for any of the following:

  • Posting any incomplete, false or inaccurate biographical information or information which is not your own accurate resume
  • Using any device, software or routine to interfere or attempt to interfere with the proper working of this Web Site or any activity being conducted on this site.
  • Taking any action which imposes an unreasonable or disproportionately large load on this Web Site?s infrastructure.
  • If you have a password allowing access to a non-public area of this Web Site, disclosing to or sharing your password with any third parties or using your password for any unauthorized purpose.
  • Notwithstanding anything to the contrary contained herein, using or attempting to use any engine, software, tool, agent or other device or mechanism (including without limitation browsers, spiders, robots, avatars or intelligent agents) to navigate or search this Web Site other than the search engine and search agents available from the Company on this Web Site and other than generally available third party web browsers (e.g., Netscape Navigator, Microsoft Explorer).
  • Attempting to decipher, decompile, disassemble or reverse engineer any of the software comprising or in any way making up a part of the Web Site.
  • Aggregating, copying or duplicating in any manner any of the materials or information available from the Web Site.
  • Framing of or linking to any of the materials or information available from the Web Site.

User Information.

When you register for the Web Site, you will be asked to provide the Company with certain information including, without limitation, a valid email address (your "Information"). In addition to the terms and conditions that may be set forth in any privacy policy on this Web Site, you understand and agree that the Company may disclose to third parties, on an anonymous basis, certain aggregate information contained in your registration application. The Company reserves the right to offer third party services and products to you based on the preferences that you identify in your registration and at any time thereafter; such offers may be made by the Company or by third parties. Please see the Company's Privacy Policy below for further details regarding your Information.

Registration and Password.

You are responsible for maintaining the confidentiality of your information and password. You shall be responsible for all uses of your registration, whether or not authorized by you. You agree to immediately notify the Company of any unauthorized use of your registration or password.

The Company's Liability.

As a condition to your use of this site, you release the Company (and our agents and employees) from claims, demands and damages (actual and consequential, direct and indirect) of every kind and nature, known and unknown, suspected and unsuspected, disclosed and undisclosed, arising out of or in any way connected with such disputes. If you are a California resident, you waive California Civil Code d1542, which says: "A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor."

We are under no legal obligation to, and generally do not, control the information provided by other users which is made available through the Web Site. By its very nature, other people?s information may be offensive, harmful or inaccurate, and in some cases will be mislabeled or deceptively labeled. We expect that you will use caution and common sense when using this Web Site.

The Material may contain inaccuracies or typographical errors. The Company makes no representations about the accuracy, reliability, completeness, or timeliness of the Web Site or the Material. The use of the Web Site and the Material is at your own risk. Changes are periodically made to the Web Site and may be made at any time.

You acknowledge and agree that you are solely responsible for the content and accuracy of any resume or material contained therein placed by you on the Web Site and you agree to let any users that are identified as recruiters (designated in the sole discretion of the Company) to have access to your resume.

The Company is not to be considered to be an employer with respect to your use of the Web Site and the Company shall not be responsible for any employment decisions, for whatever reason made, made by any entity posting jobs on the Web Site.

THE COMPANY DOES NOT WARRANT THAT THE WEB SITE WILL OPERATE ERROR-FREE OR THAT THE WEB SITE AND ITS SERVER ARE FREE OF COMPUTER VIRUSES OR OTHER HARMFUL MECHANISMS. IF YOUR USE OF THE WEB SITE OR THE MATERIAL RESULTS IN THE NEED FOR SERVICING OR REPLACING EQUIPMENT OR DATA, THE COMPANY IS NOT RESPONSIBLE FOR THOSE COSTS.

THE WEB SITE AND MATERIAL ARE PROVIDED ON AN "AS IS" BASIS WITHOUT ANY WARRANTIES OF ANY KIND. THE COMPANY, TO THE FULLEST EXTENT PERMITTED BY LAW, DISCLAIMS ALL WARRANTIES, WHETHER EXPRESS OR IMPLIED, INCLUDING THE WARRANTY OF MERCHANTABILITY, FITNESS FOR PARTICULAR PURPOSE AND NON-INFRINGEMENT. THE COMPANY MAKES NO WARRANTIES ABOUT THE ACCURACY, RELIABILITY, COMPLETENESS, OR TIMELINESS OF THE MATERIAL, SERVICES, SOFTWARE, TEXT, GRAPHICS, AND LINKS.

Disclaimer of Consequential Damages.

IN NO EVENT SHALL THE COMPANY, ITS SUPPLIERS, OR ANY THIRD PARTIES MENTIONED ON THE WEB SITE BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, INCIDENTAL AND CONSEQUENTIAL DAMAGES, LOST PROFITS, OR DAMAGES RESULTING FROM LOST DATA OR BUSINESS INTERRUPTION) RESULTING FROM THE USE OR INABILITY TO USE THE WEB SITE AND THE MATERIAL, WHETHER BASED ON WARRANTY, CONTRACT, TORT, OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT THE COMPANY IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

Links to Other Sites.

The Web Site may contain links to third party web sites. These links are provided solely as a convenience to you and not as an endorsement by the Company of the contents on such third-party Web sites. The Company is not responsible for the content of linked third-party sites and does not make any representations regarding the content or accuracy of materials on such third party Web sites. If you decide to access linked third party Web sites, you do so at your own risk.

No Resale or Unauthorized Commercial Use.

You agree not to resell or assign your rights or obligations under these Term of Use. You also agree not to make any unauthorized commercial use of the Web Site.

Limitation of Liability.

The aggregate liability for the Company to you for all claims arising from the use of the Materials is limited to $1.

Termination.

The Company reserves the right, at its sole discretion, to pursue all of its legal remedies, including but not limited to immediate termination of your registration with or ability to access the Web Site and/or any other service provided to you by the Company, upon any breach by you of these Terms and Conditions or if the Company is unable to verify or authenticate any information you submit to the Web Site registration with or ability to access the Web Site.

Indemnity.

You agree to defend, indemnify, and hold harmless the Company, its officers, directors, employees and agents, from and against any claims, actions or demands, including without limitation reasonable legal and accounting fees, alleging or resulting from your use of the Material or your breach of the terms of these Terms and Conditions. The Company shall provide notice to you promptly of any such claim, suit, or proceeding and shall assist you, at your expense, in defending any such claim, suit or proceeding.

General.

The Company makes no claims that the Materials may be lawfully viewed or downloaded outside of the United States. Access to the Materials may not be legal by certain persons or in certain countries. If you access the Web Site from outside of the United States, you do so at your own risk and are responsible for compliance with the laws of your jurisdiction. These Terms and conditions are governed by the internal substantive laws of the State of New York, without respect to its conflict of laws principles. Jurisdiction for any claims arising under this agreement shall lie exclusively with the state or federal courts within New York, New York. If any provision of these Terms and Conditions are found to be invalid by any court having competent jurisdiction, the invalidity of such provision shall not affect the validity of the remaining provisions of these Terms and Conditions, which shall remain in full force and effect. No waiver of any term of these Terms and Conditions shall be deemed a further or continuing waiver of such term or any other term. Except as expressly provided in additional terms of use for areas of the Web Site a particular "Legal Notice," or Software License or Material on particular Web pages, these Terms and Conditions constitute the entire agreement between you and the Company with respect to the use of Web Site. No changes to these Terms and Conditions shall be made except by a revised posting on this page.

PRIVACY POLICY

The Company recognizes that you are concerned about privacy. We are committed to preserving your privacy and safeguarding your sensitive information. The following statement describes the general information-gathering and usage practices of our sites.

Our staff, contractors, Internet service providers and others involved in this site follow this policy or similarly strict policies regarding your Information.

Disclosure

The Company is committed to fully disclosing our policies regarding the collection, use, maintenance, disclosure and security of personal information obtained from users of our site. The term "personal information" includes a name, address, email address, or any other information which could be used to contact you directly or to identify you personally.

Use and Disclosure Limitations

The Company only uses personal information about its Web site users for specific purposes. We do not share user information with third parties except when we have told users about the disclosures, when we have prior consent, or when required by law.

Use Policy: When the Company gathers personal information from users, we ask for permission first. We also disclose, at the time of collection, how the information will be used by us. Personal information is used for activities such as auto-completion of commonly-used forms and helping us contact you when you solicit information from us.

Disclosure Policy: We do not normally disclose personal information to anyone outside of the Company unless we have previously informed users about the disclosures. However, some data may be used from time to time by outside contractors, including auditors or consultants, to assist us in carrying out necessary financial or operational activities. These uses will be consistent with this privacy policy and all contractors using this potential personal information must agree to safeguard it, to use it only for the authorized purpose, and to return it or destroy it upon completion of the activity.

The Company might be required to disclose personal information in response to a valid legal process such as a subpoena, search warrant or court order.

Although unlikely, it is possible that we may have to make certain disclosures to ensure the security of our Web site, to protect its integrity, or to take precautions against potential liability. In any of these situations, we will take any reasonable steps to limit the scope of the data disclosed.

Web Logs: The Company maintains standard Web logs that record basic information about visitors to our Web site. These logs contain: * The Internet domain from which you came to our Web site. * Your IP address. An IP address is a series of numbers which uniquely identifies your connection to the Internet. Although it is possible in some instances, certain types of IP addresses may be used by interested persons to identify users but we do not attempt to identify users in this way. * The type of browser (e.g., Internet Explorer or Netscape) and operating system (e.g., Windows 98) you use. * The date and time you visited the site, and the pages you saw.

We use Web log information to design our Web site, identify popular features, and in similar ways. We do not try to identify individuals from Web logs or to link Web logs to other user information. However, if someone tries to damage our Web site or use it in an unauthorized or illegal way, we may share Web log information with law enforcement agencies. The Company may provide aggregate information such as the number of users who visit particular pages of the site, or the number of people who link to certain external sites from our site, to other parties.

Changes to Privacy Policy

The Company's features and services will change over time and our information-gathering practices and policies may also change.

While our philosophy of protecting user information from inappropriate uses and disclosures will not change, this policy will be updated occasionally to include any change that materially affects the collection, maintenance, use, or disclosure of personal information.

Forum Topics

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    Jun 3 2013 - 9:00am - 11:00am
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    Jun 6 2013 - 9:00am - Jun 8 2013 - 5:30pm
  • WSO NYC Happy Hour: Fri. 6/7, 7pm
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I was writing an email to a fellow monkey who is about to start as a banking analyst in the summer. It's been a little over 5 yrs now since I was a wee young first-year analyst in restructuring for one of the Moelis/Houlihan/Evercore type firms (I call them the firms where most people will...
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Fellow Primates, We are looking for 1-2 students on each campus to help WSO in its sales efforts to student clubs/career centers, and overall promotion at your school both online and on the ground. Below is a description of the position and benefits...thanks in advance for your help! <a...
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