Comments on: You, on the other hand, are immediately available for comment. Why don’t you play WaMu for a while? http://crookedtimber.org/2008/09/26/you-on-the-other-hand-are-immediately-available-for-comment-why-dont-you-play-wamu-for-a-while/ Out of the crooked timber of humanity, no straight thing was ever made Sun, 27 May 2012 03:55:22 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: eric http://crookedtimber.org/2008/09/26/you-on-the-other-hand-are-immediately-available-for-comment-why-dont-you-play-wamu-for-a-while/comment-page-1/#comment-253617 eric Sat, 27 Sep 2008 00:22:36 +0000 http://crookedtimber.org/?p=7921#comment-253617 I'm not British, Nick. But I'm laughing uproariously. "On the job" is indeed an apt description of what most financial executives have been doing for years. I’m not British, Nick. But I’m laughing uproariously. “On the job” is indeed an apt description of what most financial executives have been doing for years.

]]> By: Nick http://crookedtimber.org/2008/09/26/you-on-the-other-hand-are-immediately-available-for-comment-why-dont-you-play-wamu-for-a-while/comment-page-1/#comment-253614 Nick Sat, 27 Sep 2008 00:12:34 +0000 http://crookedtimber.org/?p=7921#comment-253614 Mr. Fishman, <i>who has been on the job for less than three weeks</i>, is eligible for $11.6 million in cash Maybe this is only funny to the British, but I can only applaud Mr Fishman's extraordinary stamina & prowess, while envying him for being lucky enough to get paid for it . . . Mr. Fishman, who has been on the job for less than three weeks, is eligible for $11.6 million in cash
Maybe this is only funny to the British, but I can only applaud Mr Fishman’s extraordinary stamina & prowess, while envying him for being lucky enough to get paid for it . . .

]]> By: someguy http://crookedtimber.org/2008/09/26/you-on-the-other-hand-are-immediately-available-for-comment-why-dont-you-play-wamu-for-a-while/comment-page-1/#comment-253545 someguy Fri, 26 Sep 2008 17:46:40 +0000 http://crookedtimber.org/?p=7921#comment-253545 Walt, Thinking about the potential adverse consequences of punishing some rich guys doesn't mean I identify with the rich. Walt,

Thinking about the potential adverse consequences of punishing some rich guys doesn’t mean I identify with the rich.

]]> By: Steve LaBonne http://crookedtimber.org/2008/09/26/you-on-the-other-hand-are-immediately-available-for-comment-why-dont-you-play-wamu-for-a-while/comment-page-1/#comment-253543 Steve LaBonne Fri, 26 Sep 2008 17:30:12 +0000 http://crookedtimber.org/?p=7921#comment-253543 This is my bailout plan (hat tip to Atrios): http://tinyurl.com/3pnn8n This is my bailout plan (hat tip to Atrios):
http://tinyurl.com/3pnn8n

]]> By: ehj2 http://crookedtimber.org/2008/09/26/you-on-the-other-hand-are-immediately-available-for-comment-why-dont-you-play-wamu-for-a-while/comment-page-1/#comment-253542 ehj2 Fri, 26 Sep 2008 17:29:48 +0000 http://crookedtimber.org/?p=7921#comment-253542 Play WaMu? I always liked Manuel Hinds' phrase (and the title of one of his books), "Playing Monopoly with the Devil." http://www.ft.com/cms/s/0/e1aaf320-8623-11dc-b00e-0000779fd2ac.html?nclick_check=1 Play WaMu?

I always liked Manuel Hinds’ phrase (and the title of one of his books), “Playing Monopoly with the Devil.”

http://www.ft.com/cms/s/0/e1aaf320-8623-11dc-b00e-0000779fd2ac.html?nclick_check=1

]]> By: Walt http://crookedtimber.org/2008/09/26/you-on-the-other-hand-are-immediately-available-for-comment-why-dont-you-play-wamu-for-a-while/comment-page-1/#comment-253541 Walt Fri, 26 Sep 2008 17:28:06 +0000 http://crookedtimber.org/?p=7921#comment-253541 Just how complete is your identification with the rich, someguy? Has it actually reached 100%, or is it still around 98%? Just how complete is your identification with the rich, someguy? Has it actually reached 100%, or is it still around 98%?

]]> By: someguy http://crookedtimber.org/2008/09/26/you-on-the-other-hand-are-immediately-available-for-comment-why-dont-you-play-wamu-for-a-while/comment-page-1/#comment-253537 someguy Fri, 26 Sep 2008 17:16:27 +0000 http://crookedtimber.org/?p=7921#comment-253537 Perhaps the preverse incentives regarding executive pay in the bail out plan are beneficial? Instead of encouraging executives to hold onto the bad debt and ignore the government bailout offers it will encourage them to sell now and get paid. Are there enough buyers? And has anyone thought about this or is everyone focused on the fairness? Perhaps the preverse incentives regarding executive pay in the bail out plan are beneficial?

Instead of encouraging executives to hold onto the bad debt and ignore the government bailout offers it will encourage them to sell now and get paid.

Are there enough buyers?

And has anyone thought about this or is everyone focused on the fairness?

]]> By: CJColucci http://crookedtimber.org/2008/09/26/you-on-the-other-hand-are-immediately-available-for-comment-why-dont-you-play-wamu-for-a-while/comment-page-1/#comment-253534 CJColucci Fri, 26 Sep 2008 17:00:35 +0000 http://crookedtimber.org/?p=7921#comment-253534 I owe WaMu about $8,000 in remaining principal on my co-op mortgage. Maybe I'll slip through the cracks. I owe WaMu about $8,000 in remaining principal on my co-op mortgage. Maybe I’ll slip through the cracks.

]]> By: JP Stormcrow http://crookedtimber.org/2008/09/26/you-on-the-other-hand-are-immediately-available-for-comment-why-dont-you-play-wamu-for-a-while/comment-page-1/#comment-253531 JP Stormcrow Fri, 26 Sep 2008 16:49:09 +0000 http://crookedtimber.org/?p=7921#comment-253531 Kirk Douglas (still alive!) will play the real WaMu in the movie. Climatic scene takes place on Wall St. when a thousand unruly traders claim "I am Wamu!" They are each paid a $19.1M bonus to disperse. Kirk Douglas (still alive!) will play the real WaMu in the movie. Climatic scene takes place on Wall St. when a thousand unruly traders claim “I am Wamu!” They are each paid a $19.1M bonus to disperse.

]]> By: Joel Turnipseed http://crookedtimber.org/2008/09/26/you-on-the-other-hand-are-immediately-available-for-comment-why-dont-you-play-wamu-for-a-while/comment-page-1/#comment-253528 Joel Turnipseed Fri, 26 Sep 2008 16:15:52 +0000 http://crookedtimber.org/?p=7921#comment-253528 Careful, Frank... you just came dangerously close to unleashing 50,000 words worth of posts on Crooked Timber. 48,000 of them from me. Must. resist... save for <a href="http://edgeofthewest.wordpress.com/2008/01/23/help-rescue-anonymous-from-historys-dustbin/" rel="nofollow">the book</a>. Careful, Frank… you just came dangerously close to unleashing 50,000 words worth of posts on Crooked Timber. 48,000 of them from me.

Must. resist… save for the book.

]]> By: Frank http://crookedtimber.org/2008/09/26/you-on-the-other-hand-are-immediately-available-for-comment-why-dont-you-play-wamu-for-a-while/comment-page-1/#comment-253525 Frank Fri, 26 Sep 2008 15:56:30 +0000 http://crookedtimber.org/?p=7921#comment-253525 We need to make sure Fishman and his ilk get their bonuses; otherwise, scenes like this, might ensue: http://www.eyewitnesstohistory.com/snprelief4.htm We need to make sure Fishman and his ilk get their bonuses; otherwise, scenes like this, might ensue:
http://www.eyewitnesstohistory.com/snprelief4.htm

]]> By: Joel Turnipseed http://crookedtimber.org/2008/09/26/you-on-the-other-hand-are-immediately-available-for-comment-why-dont-you-play-wamu-for-a-while/comment-page-1/#comment-253524 Joel Turnipseed Fri, 26 Sep 2008 15:50:15 +0000 http://crookedtimber.org/?p=7921#comment-253524 First, I absolutely demand a Wall Street photo op with dwarfs (or is it midgets?). <a href="http://books.google.com/books?id=DqwLVaPdDgoC&pg=RA1-PA23&lpg=RA1-PA23&dq=jp+morgan+midget&source=web&ots=S8Wc9kBn8L&sig=fGGUafTuah4VvbDPm-nChLo4-e0&hl=en&sa=X&oi=book_result&resnum=1&ct=result" rel="nofollow">Midgets</a>. Second, w/r/t Alan Fishman's compensation: Hey, can you imagine how scary it must have been to even <em>take</em> that job? I know--I went to war for $20K/year and a couple hundred bucks a month for college--that doesn't seem like much to face for such a big payday, but seriously: that was never going to be anything other than a very painful executive gig. Besides, the efficiency with which the WaMu collapse was handled is almost a beautiful as the image of Paulson genuflecting to Pelosi. Finally, per JQ's post below, maybe we'll finally be tired (as a nation) of the BSD as Hero & get down to making serious attempts to create a just & working international order. Oh, wait... No: I think we'll have to settle for midgets. But on whose lap? First, I absolutely demand a Wall Street photo op with dwarfs (or is it midgets?). Midgets.

Second, w/r/t Alan Fishman’s compensation: Hey, can you imagine how scary it must have been to even take that job? I know—I went to war for $20K/year and a couple hundred bucks a month for college—that doesn’t seem like much to face for such a big payday, but seriously: that was never going to be anything other than a very painful executive gig. Besides, the efficiency with which the WaMu collapse was handled is almost a beautiful as the image of Paulson genuflecting to Pelosi.

Finally, per JQ’s post below, maybe we’ll finally be tired (as a nation) of the BSD as Hero & get down to making serious attempts to create a just & working international order. Oh, wait… No: I think we’ll have to settle for midgets. But on whose lap?

]]> By: almostinfamous http://crookedtimber.org/2008/09/26/you-on-the-other-hand-are-immediately-available-for-comment-why-dont-you-play-wamu-for-a-while/comment-page-1/#comment-253522 almostinfamous Fri, 26 Sep 2008 15:26:52 +0000 http://crookedtimber.org/?p=7921#comment-253522 btw, now corporates everywhere have good reason to rejoice. they can soon expect to replace corporate jets with <a href="http://news.bbc.co.uk/2/hi/uk_news/7637327.stm" rel="nofollow">corporate jetpacks</a>! btw, now corporates everywhere have good reason to rejoice. they can soon expect to replace corporate jets with corporate jetpacks!

]]> By: abb1 http://crookedtimber.org/2008/09/26/you-on-the-other-hand-are-immediately-available-for-comment-why-dont-you-play-wamu-for-a-while/comment-page-1/#comment-253521 abb1 Fri, 26 Sep 2008 15:26:20 +0000 http://crookedtimber.org/?p=7921#comment-253521 <i>‘business expense’</i> We will spare nothing to attract and acquire the best talent available. That is not 'business expense', that's what we call 'our human capital'. ‘business expense’

We will spare nothing to attract and acquire the best talent available. That is not ‘business expense’, that’s what we call ‘our human capital’.

]]> By: almostinfamous http://crookedtimber.org/2008/09/26/you-on-the-other-hand-are-immediately-available-for-comment-why-dont-you-play-wamu-for-a-while/comment-page-1/#comment-253519 almostinfamous Fri, 26 Sep 2008 15:10:25 +0000 http://crookedtimber.org/?p=7921#comment-253519 hey abb1, ever heard of 'business expense'? you're the one that pays for it after all... hey abb1, ever heard of ‘business expense’?

you’re the one that pays for it after all…

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