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Messages - bigokieguy

Pages: 1 [2] 3 4 ... 9
Off-Topic /
« on: April 19, 2009, 11:31:54 AM »
Quote from: "ocianain"
One of my brothers sent it to me.

Off-Topic /
« on: April 19, 2009, 11:25:05 AM »
Derivative markets . . . an understandable explanation:
Heidi is the proprietor of a bar in Detroit. In order to increase sales, she decides to allow her loyal customers - most of whom are unemployed alcoholics - to drink now but pay later. She keeps track of the drinks consumed on a ledger (thereby granting the customers loans).

Word gets around about Heidi's drink now pay later marketing strategy and as a result, increasing numbers of customers flood into Heidi's bar and soon she has the largest sale volume for any bar in Detroit.

By providing her customers' freedom from immediate payment demands, Heidi gets no resistance when she substantially increases her prices for wine and beer, the most consumed beverages. Her sales volume increases massively.

A young and dynamic vice president at the local bank recognizes these customer debts as valuable future assets and increases Heidi's borrowing limit.

He sees no reason for undue concern since he has the debts of the alcoholics as collateral. At the bank's corporate headquarters, expert traders transform these customer loans into DRINK BONDS, ALKIBONDS and
PUKEBONDS. These securities are then traded on security markets
worldwide. Naive investors don't really understand that the securities being sold to them as AAA secured bonds are really the debts of unemployed alcoholics.

Nevertheless, their prices continuously climb, and the
securities become the top-selling items for some of the nation's leading brokerage houses.

One day, although the bond prices are still climbing, a risk manager at
the bank (subsequently fired due to his negativity), decides that the time has come to demand payment on the debts incurred by the drinkers at Heidi's bar.

Heidi demands payment from her alcoholic patrons, but being unemployed they cannot pay back their drinking debts. Therefore, Heidi cannot fulfill her loan obligations and claims bankruptcy.
DRINKBOND and ALKIBOND drop in price by 90%. PUKEBOND performs better, stabilizing in price after dropping by 80%. The decreased bond asset value destroys the banks liquidity and prevents it from issuing new loans.
The suppliers of Heidi's bar, having granted her generous payment extensions and having invested in the securities, are faced with writing off her debt and losing over 80% on her bonds. Her wine supplier claims bankruptcy, her beer supplier is taken over by a competitor, who immediately closes the local plant and lays off 50 workers.
The bank and brokerage houses are saved by the Government following
dramatic round-the-clock negotiations by leaders from both political parties. The funds required for this bailout are obtained by a tax levied on employed middle-class non-drinkers.
Finally--an explanation I can understand

Off-Topic /
« on: April 18, 2009, 05:02:35 PM »
Quote from: "sgallan"
I have other way more serious things going on in life at the moment to rehash all of that.
I always suspected you were the moderator of NWT.

Off-Topic /
« on: April 18, 2009, 04:45:09 PM »
Quote from: "Cougar1"
For those of us who checked out early last night could we get some info on what happened? What got Dreamy going this time?
I'd like to hear Sgallan's account of what happened that night :rolleyes: .

College /
« on: April 16, 2009, 09:32:22 PM »
It's called TRADITION. ;-) :rolleyes:

College /
« on: April 02, 2009, 09:09:54 PM »
Quote from: "sp103" is too vanilla.  On the other hand, with Jimmy posting on here theopenmat is more like Rainbow Shertbert   :)

College /
« on: April 02, 2009, 09:02:23 PM »
Quote from: "Rockhard"
Best program ever, hands down is Okie St. This isn't about the best team ever over a certain time period.

The question said "ever."
I agree 100 %

Off-Topic /
« on: March 28, 2009, 06:17:18 PM »
It fits Obama best

Off-Topic /
« on: March 27, 2009, 08:48:57 PM »
2 BRAZILIAN SOLDIERS KILLED.........................................................................................> The Dept Of Defense briefed the president this
>         > morning.
>         >
>         > They told President OBAMA that 2 Brazilian
> soldiers
>         > were killed in Iraq .
>         >
>         > To everyone's surprise, all the color
> drained from
>         > Obama's face.
>         >
>         > Then he collapsed onto his desk, head in his
> hands,
>         > visibly shaken, almost in tears.
>         >
>         > Finally, he composed himself and asked,
> 'Just how
>         > many is a brazilian?'
>         >
>         > This is especially funny; since he obviously
> has no
>         > understanding of billion or trillion either.
>         >
>         >

Mixed Martial Arts /
« on: March 21, 2009, 01:09:12 AM »
GO MO  !!! :)

Off-Topic /
« on: March 10, 2009, 03:41:04 PM »
Ac1998 thinks anyone bothered by the following is the member of some radical fringe group.This just shows how truly offbase he actually is."Obama has done all this with the predictable double-speak that
characterizes malevolent intention, i.e., touting transparency while
concealing everything, speaking of integrity while appointing crooks and
incompetents riddled with conflicts-of-interest, " :blink:

Off-Topic /
« on: March 10, 2009, 10:15:34 AM »
Great interview  B)

Off-Topic /
« on: March 10, 2009, 10:03:55 AM »
I'm just curious why he hasn't provided his birth certificate . The original   has 23 fields of data if I remember correctly .Obama has chosen to provide a COLB with about 1/2 the number of data fields as the original vault certificate, Seems curious to me.... :blink:

Off-Topic /
« on: March 10, 2009, 09:56:00 AM »
I've been told that some Cowboy wrestlers noodle catfish.My son has also done it.They have a tournament every year in Oklahoma for it's devotees of noodling.

Off-Topic /
« on: March 08, 2009, 03:12:01 PM »
Quote from: "coachsparky"
Quote from: "Cougar1"
Quote from: "coachsparky"
Quote from: "Cougar1"
Excellent analysis Mets. Name calling of everyone who comes to a different conclusion than you do doesn't speak well of ones IQ.
I treat everyone on here with the same level of respect that they treat me.  I never never call anyone names until they first take the posts down to that level first.  Go back and look and you will see I am absolutely correct on that.
No, you don't.
Yes, seriously I do.
You're wrong again. :angry:

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