any jumpers yet?

dont park on the street today in the Wall Street area!

scary thing is, I don't even think this is a new low for you

you beat me to the punch...

talk about someone without a basic sense of decency.

petrfitz...you really need to think before you blog

oh yeah it is so wrong to make historical references and apply them to the dirt bags that have currently brought our economy to its knees.

Are you saying that the wall street dirtbags ho knowing F'd our economy deserve kindness?

Sorry if some of us believe that people who knowingly do evil deserve to suffer the consequences of their actions.

petrfitz, you HAVE cancer. You don't know it yet but believe me, you have it.

inquirer - do you hate the people on wall street that knowingly f'd over you and economy as much as you hate me?

the people getting hurt are the investors who have nothing to do with the traders. why the glee at their pain. you're being cruel.

oh yeah is it so wrong to cheer when a creepy vicious stupid evil creature is about to be wiped out.

Sorry if some of us believe that people who knowingly do evil deserve to suffer the consequences of their actions.

Julia - if I was a republican I would tell you that the investors should have known better and they should have been as aware of what they were investing in as were the teams of ivy league educated lawyers who worked for the banks and wrote the docs the investors signed.

petr, I don't hate you. You are just a little piece of shit that stinks too much to be left unswiped. Bye.

> oh yeah it is so wrong to make historical references and apply them to the dirt bags that have
> currently brought our economy to its knees.

Well, that would make you dirt bag #1... telling folks to buy real estate in 2007.

Nice job!

That not only makes you a dirt bag, it makes you an idiot...

inquirier - you must work on the Wall Street....

Nope petr, wrong again. Run to your doctor. Cheers.

It's worth noting that the tale of financiers jumping to their death in 1929 is almost entirely fictional. So petrfitz's "historical references" defense doesn't withstand scrutiny.

petrfitz do you hate the mortgage brokers? what about the borrowers? the bankers who sold the securities? What about the pure asset management guys? the pure m+a guys? how about your everyday stockbroker? what about all the doctors, lawyers etc who are investors? how about all the secretaries, the autoworkers, all the other people who have their pensions and other savings tied up in securities? how about everyone else in the world?

thats a lot of hate. and you'll be happy if any of these people kill themselves, or are some of the people who will be crushed by this crisis ok by you?

This is beginning to look like a teen blog!!! Please you all, don't extend this kind of toxic exchange any further. I appreciate the input I get here from very intelligent people. Let's redirect this little bridges of communication to a more satisfying one. We are all hurting one way or another.

do you hate the mortgage brokers? yes especially the ones who pushed people into subprime loans when they qualified for proper loans, what about the borrowers? sure there were a lot of irresponsible borrowers but not all many were duped into taking loans that were subprime, the bankers who sold the securities? absolutely the boggest crooks in this mess, What about the pure asset management guys? & the pure m+a guys? these guys are the biggest parasites and deserve to go down, what about all the doctors, lawyers etc who are investors? how about all the secretaries, the autoworkers, all the other people who have their pensions and other savings tied up in securities? how about everyone else in the world? not the ones who invested properly or were pushed into investments unknowingly. I feel bad for these people. But everyone should be diversified and not put all your eggs in one basket.

This is really pathetic. Cheer when they get arrested and put on trial (which many deserve). Don't hope for them to commit suicide. What a sad, sad little boy you are.

there should be a Nuremberg like investigation and series of trials that should go back as far as possible and review transactions, emails, etc. All traders, bankers, and IB execs should be held accountable for their actions including Paulson.

Tech_guy - they let you out of the back office long enough to see whats going on in the world? no get back to your java and make sure you hit your deliverables for this week.

I'm torn between petrfitz as an anarchist, which I've previously asserted, and one of the leading characters in Animal Farm.

He does seem to hate everyone.

i dont hate everyone, I like most people just not many associated with Wall Street. Especially the crooks who made millions by bringing down our economy.

Do you like them?

not liking someone is a far cry from celebrating their suicides. i can't believe i just pointed that out.

On 9/11, the Palestinians celebrated the destruction to NY

what about if Osama bin Laden commited suicide? ccdevi and saneinsane would you celebrate?

"Do you like them?"

petrfitz, you are quite well known on strateasy. can you find a single person on this board who likes you?

do i care? I didnt know so many people dont like hearing the truth.

let me guess, you would not celebrate Osama's suicide because you and he agree on destroying the US and hate all Americans

no i would celebrate it. I am just confused because you are crisitcizing me for bringing up the wall street jumpers subject and then you compared me to palestinians on 9/11. I thought that you were against celebrating bad peoples suicide. are you?

hvd_free
5 minutes ago
ignore this person
report abuse "Do you like them?"

petrfitz, you are quite well known on strateasy. can you find a single person on this board who likes you?

HVD - interesting name ... the issue isn't if anyone on streeteasy likes petrfitz, but rather, does petrfitz like anyone one streeteasy, or anyone for that matter. He's on record for despising his tenants, his employees, anyone who engages him on streeteasy, people who own but don't have his level of wealth, etc. etc.

> I didnt know so many people dont like hearing the truth.

"The truth". Coming from Perfitz.

Now THAT is the first funny thing I've heard today!

i do not despise my employees or tenants. I despise people who claim that renting is a financial strategy. Saneinsane likes to twist words.

I despise Wall Streeters who knowingly got us into this mess and walked a way with millions. What is wrong with that sane? Do you admire wall streeters who did this? do you like them?

petrfitz
3 minutes ago
ignore this person
report abuse no i would celebrate it.

you would celebrate what? someone who like you wants the destruction of America? someone who killed tons of Wall Streeters on 9/11 as you sit back and 8 years later celebrate the death of anyone who works on Wall Street.

To quote you (caps are mine)

ALL traders, bankers, and IB execs should be held accountable for their actions

do you hate the mortgage brokers? YES
What about the pure asset management guys? & the pure m+a guys? THESE GUYS are the biggest parasites and DESERVE TO GO DOWN

and lets not bring up that discussion on FDIC where you were threatening a run on the FDIC in order to foment panic

https://www.streeteasy.com/nyc/talk/discussion/5058-dare-we-mention-it-can-the-fdic-cover-a-bank-run

please show me where i was fomenting panic? I was not correct that WaMu was going down and would weaken the FDIC funds?

perfitz, I don't know you, but I would share a drink with you. anyone who thinks that the banking crisis is something that no one knew about until 2 weeks ago is either too stupid to understand basic accounting or believes their country is at the pinacle of humnan history. ignorance is bliss...

This is what you said:
petrfitz
13 days ago
ignore this person
report abuse There's been a lot of talk that the FDIC is currently underfunded significantly. There is also talk of WaMu going under and a possible run on retail banks by November.

Is the FDIC properly capitalized? What happens if it ccant cover numerous bank failures and runs on retail banks.

A WaMu failure may be the tipping point that causes the run on retail banks, and it could be soon.

--

WaMu falure was not a tipping point
There was no run on retail banks
Asking if FDIC is capitalized and suggesting a run on retail banks by November is fomenting panic.

There's no point in continuing to argue with you. You are a bad person. Nothing more complex than just being a bad person.

And oddly enough, when I called you an anarchist in that discussion thread, you thought I was comparing you to a Nazi. I thought that was telling about how you feel about yourself.

But seriously, no more from me to you ... you are a bad person and there's no benefit to me or anyone else (all of whom you hate) in having a conversation or debate or any interaction with you.

peterfitz, you are BAD

Bad
bad
bad

lolol

do you hate me to :)

saninsane - is english your first language? i am trying to follow you but your posts dont make any sense. You make claims then try to back them up with posts of mine that dont apply.

for example - by pointing out that FDIC will be strained by a historically large failure like WaMU does not foment panic. it points out a fact.

ubbatubba - thanks!

saneinsane, have you spent any time studying history? Were you even old enough to understand what happened in 1987 much less 1929? We live in complex economic times where even the math whizz's that I play hoops with on weekends can't explain what's happening(though I'd guess that relying on computer models might have been a harbinger of some bad times ahead). A run on retail banks is a very real proposition. I'm not here to defend petrfitz, but to say its anarchy or formenting panic is hardly what I would call a decription of the current economic situation.

petrfitz: "do i care?"

petrfitz: "ubbatubba - thanks!"

Looks like you do care after all. And congrats on finding that special someone.

I can't resist:
ubbatubba
9 minutes ago
ignore this person
report abuse saneinsane, have you spent any time studying history? Were you even old enough to understand what happened in 1987 much less 1929?

No, I was not around in 1929.

But what if I played basketball with a Math whiz, would that give me the appropriate context?

Lastly for petrfitz, whether English is my first language or not would hardly be a determinant of any potential impairment of my abilities to create logical and coherent argument.

Yes it is my first language. Is it yours? Do you especially look down on your tenants on the Lower East Side whose first language isn't English?

no saneinsane, playing hoops with a math whiz only determines if you've got game. In my context it was an intro to the idea that in my post-game discussions (after wiping away the sweat) I was amazed at their inability to interpret the rules of the game they invented. my guess (yes,son its just a guess. alot like the whizzes used to determine a whole range of economic predilictions) is that you've never quite experienced a full fledged market downturn, or recession, or deep recession, or ....talk to me in 24-30 months grasshopper.

ubbatubba, judging from your posts I don't beleive you are the kind of person who would drink a toast to mass suicide on Wall Street.
To understand what the quarrel is about in this thread you may want to check the first few posts on this page.

i read it from the beginning and only see the same anger and frustration that we new yorkers (I'm assuming you're either a part of our crazy crowd or close enough) completely fail to appreciate coming out of Main Street. This is anger the likes of which we haven't seen in some time. The quarrel isn't mass suicide and of course I wouldn't toast that (unless you've got a chianti flavored kool aid and your last name is Jones)

The pain is just starting.

ubbatubba is a big fat guy who half jolly and half wise, but not all jolly and not all wise although he thinks he's both.

By the way, this discussion is pretty revolting, but I suspect most know that.

I work on Wall Street, on Wall Street.
Nobody is jumping.
If anyone were to have jumped, it would have been on a day that your firm, e.g. Lehman or Bear, with years of your money built up in equity holdings, was liquidated and sold or filed for Bankruptcy.
Nevertheless, I'm a merger and acquisition professional, for food, beverage and consumer packaged goods companies... what exactly is my responsibility for this mess if my clients have been Unilever or Procter & Gamble?

WallWorker - are you saying that there was no funny financing done besides mortgages and their derivatives? The next shoe to drop is all the funky financing in noon-financial sector businesses that will cause non-financial companies to go under.

I would watch Viacom. they leveraged a lot of debt for big acquisitions over the past several years, and word on the street is that they havent paid any bills in over 90 days.

Regarding Viacom, I don't fathom how that is
1 - possible at all
2 - not something that would be well known in the markets and the news. The media business is highly competitive and I can't imagine, take News Corp, not putting that on the front page of the Post and the Wall St. Journal.

Also, I'm not sure what your point is. Are you saying that corporations are intrinsically bad? Or mergers by corporations are bad? Or that debt is intrinsically a poor form of acquisition consideration - And if so to the last two, it is the M&A investment bankers who assisted the corporations with their mergers and acquisitions (key word is assist) and their related financing needs equally bad or worse than the corporations?

Just help me bridge to the point that because I am in the corporate strategic advisory business that I am among "the biggest parasites and deserve to go down."

Hello?

I don't blame the average wall street guy. You cant blamer a guy from Lehman who does IPOs for the mortgage mess.