Any Takers?

Cornelius — Fri, 26 Sep 2008 20:34:09 -0400

data from oanda.com

Wednesday, September 26, 2007
1 US Dollar = 0.70934 Euro
1 Euro (EUR) = 1.40977 US Dollar (USD)

Friday, September 26, 2008
1 US Dollar = 0.68155 Euro
1 Euro (EUR) = 1.46725 US Dollar (USD)

...taking bets on what the exchange rate will be in September 2009 if the TARP $700 billion "bailout" comes to fruition

If Bear did not go insolvent

Cornelius — Wed, 24 Sep 2008 09:42:23 -0400

Warren Buffet invested $5B in GS after it became a bank holding company.

If Bear Stearns shored up capital and didn't face insolvency prior to being bailed out, would it have prevented Lehman from going under? Would it have stopped the domino effect or would it have been something like final destination where death skips over the one firm and move onto to the next in line?

Wanted to see what you guys thought about it. If Bear didn't go down by receiving an investment from WB, would that have made it easier for Lehman to raise capital thus preventing its downfall?

AIG Commercial...should be good for a chuckle

Cornelius — Sat, 20 Sep 2008 11:11:17 -0400

http://www.youtube.com/watch?v=9VvGW98D3XA

Leave it to LSO to kick them when they're down

Cornelius — Thu, 18 Sep 2008 20:01:23 -0400

a compilation of his comedic insults..

To Bear

"We also spoke to Sarah, a young girl living in NoLiTa who was duped into going home with a guy who used one of these ploys. “You know, I was hunting in the cabinet under his sink like I always do the morning after I go home with a guy,” she told us, somehow convinced that the morning after was better than never.

“And get this—stuffed away in a corner, he had an economy sized box of Valtrex and” Choked up, but waving at us to signal that the worst was yet to come, Sarah finally was able to force out the clincher: “an old Bear Sterns T-Shirt.” She exhaled loudly, the vile words expunged from her system. Now exhibiting slight fever and swollen glands, she remarked: “I’m not sure which disgusted me more.”

“…I guess I should have known when he asked me to pay for my own taco at La Esquina.”"

To Goldman

The Great American Bank Run

Cornelius — Mon, 15 Sep 2008 17:13:35 -0400

Just thinking about this and please let me know your comments as to whether you think this is possible of not.

Let's say in the next few weeks some of the other banks start to falter, AIG is unable to shore up the $70Bn in financing they need, the Federal Reserve has extended the range of collateral that can be used to borrow capital (risky/toxic/low quality assets) and it starts causing a ripple effect that hits the commercial banks as well.

The Fed seizes the collateral and realizes that there is no market for it and it is pretty much worthless and they take the hit and pass it on to the taxpayers, Open mkt ops, sell bonds, etc.

But there's a bit of a widespread panic being among people that the FDIC may not be able live up to its duties and people run to the commercial banks removing their funds (as they did during the Depression).

how many of you have relocated from ny to join banks in different states?

Cornelius — Thu, 21 Aug 2008 21:30:17 -0400

how many of you have relocated from ny to join banks in different states?

whatever happened to Joshua Persky?

Cornelius — Sun, 17 Aug 2008 13:00:43 -0400

He was the banking consultant that was laid from Houlihan and was passing out resumes in the middle of the streets.

Curious to see if he found something yet?

Credit Funds & Mezz funds

Cornelius — Thu, 19 Jun 2008 13:53:24 -0400

Since these funds are providing the debt..they don't use leverage, they are the leverage.

Is that correct?

Thanks.

Rebased data / Stock Price Charts

Cornelius — Fri, 13 Jun 2008 20:49:34 -0400

Does anyone know the proper formula for creating rebased stock data?

For example, company A traded at $20 last year and the price has fluctuated over the past 12 months. If I wanted to compare it to another stock based on the performance in order to created a stock chart, how I would do that?

If the question is not clear, let me know and I'll describe it further.

Thanks.

International Transfers

Cornelius — Sat, 07 Jul 2007 01:10:24 -0400

Which banks give their 1st/2nd/3rd years an opportunity to go work in overseas locations (ie London) during their analyst stint or following their analyst stint?

Or which ones are known to do so on a more consistent basis and which ones aren't?