Liberal Financiers of the World - Unite!

yesman — Wed, 15 Oct 2008 16:55:41 -0400

After having been the sole voice for the liberal agenda on several political threads, I thought I'd try to start a post where financial types who wax democratic can advocate for a pragmatic economic platform.

We are not pure socialists or entirely adverse to capitalism; rather, we acknowledge that markets are imperfect and that there are enough resources in the world for people to have basic needs (health care, education, etc) met. We understand that free competition rewards success and drives innovation, but we also feel that the 'losers' deserve a modest safety net. We believe that reasonable taxation is an investment in society that ultimately benefits us all by promoting peace and socio-economic mobility.

Whether or not you agree with all the aforementioned points, speak up if you're somewhat pro-Obama and/or anti-McCain

Goldman Fargo?

yesman — Fri, 26 Sep 2008 17:09:23 -0400

consensus is that Goldman and Morgan will be merging with commercial banks.

Wells Fargo is the only AAA and Buffet loves it (Berkshire Hathaway has a huge stake). Does anyone think his $5bn stake in Goldman foreshadows a merger?

And what about MS? They tried with WaMu last week and it didn't go through (thankfully). I've heard a lot about Wachovia picking them up. Thoughts?

Prop Firms

yesman — Mon, 31 Dec 2007 14:16:15 -0500

Are there any good prop shops along the lines of First New York, Trillium, SIG, DRW, etc......that specialize in fixed income products? Seems like most of the firms I know trade equities, derivatives, and options, mostly.