Go off the grid for a little bit, and our socialist President oversees an assault on the fine folks at Goldman Sachs. More of this.
Figures…
by John Cole| 37 Comments
This post is in: Assholes
Figures…
Reader Interactions
37Comments
Comments are closed.
Punchy
Goldman Sucks?
Give Geithner (sp?) a few days, he’ll figgy out a way to walk back The O in order to spare his chums embarrassment.
And the thought that this may shave their $200 million bonuses down by a few hundred grand…
Face
If I wanted to see an assault on fine folks, I’d follow Ben Rothlesomelettersgohereberger around this weekend.
Xenos
Disgorgement, Baby!
when You have people who love nothing so much as money, hit them where it hurts most. Work through every last CDO they sold, and if there is a material misstatement, make them disgorge every fee, with interest.
And once the discovery has been pried loose, let the litigators go after them.
Cat Lady
New tag please – Black Teddy Roosevelt.
I really really wanted Hank Paulson and John Paulson to be related in order to witness peak wingnut pretzel logic. Alas.
licensed to kill time
John, the kids have been at the paste and crayons again in both Confederate History Month threads. You can fix, pls?
burnspbesq
“Doctor?”
“Yes, Nurse?”
“It appears that Mr. Broder may be coming out of his coma.”
http://www.washingtonpost.com/wp-dyn/content/article/2010/04/14/AR2010041402991.html
burnspbesq
If the allegations in the complaint filed by the SEC can be proven, then by all means throw the book at Goldman – in fact, bury it under the fucking library.
However, for the moment there are nothing but allegations. Let’s see what the evidence looks like – if we ever get to see it. I do not rule out the possibility of a settlement.
LuciaMia
Always curious how a story like this will be spun on RW blogs like Free Republic. Over there, they can’t seem to decide. So many crowing that Goldman Sach’s was a major Dem donator, and somehow this will be some major-ly bad expose for the Democratic party. Others insisting that this is all just a dog and pony show, orchestrated by Obama, to make him look good.
Such equal opportunity whining.
schrodinger's cat
OT question to BJ programming/academic types. What language do you prefer for manipulating large data sets
Perl
Python
C++
Matlab
R
I am trying to manipulate a huge data set, I am just starting this project and have not programmed in more than 5 years. Previously used C++ (moderately good at it).
Suggestions?
Thanks!
El Cid
BARNEY FRANK! FANNIE FREDDIE! JIMMY CARTER! CRA! ACORN!
jl
I’ll tell you why Cole is ‘off the grid for a little bit’. Because I am blowing the whistle on his liberal scam.
Mr. Cole is for all practical purposes owned by one of the most infamous, gluttonous, white, fatcats around, who has the ethics of Atilla the Hun.
Mr. Cole procures drugs for this fatcat. I have exclusive video from inside this fatcat’s palatial compound, that Mr. Cole was forced to admit is authentic, of this fatcat rolling aound on the floor so stoned on drugs that he could not even stand up or roll over.
Stoned on drugs procured by Mr. Cole.
This fatcat has obscure Turkish connections.
It makes the Soros racket look like a Sunday school picnic.
I’m sending the evidence to Breitbart and blowing the lid off yet another liberal fraud.
See, go after All-American ‘deals’ and destroy our enterprising creators of wealth like Wall Street, and righteous Americans will defend themselves against the liberal conspiracy and its obscure foreign overlords.
Sorry to burst your bubble, B-Jers, but the boom is coming down!
licensed to kill time
@jl: OMG jl, do you have a list of names in that pocket, too? ;-)
General Egali Tarian Stuck
It is looking like Obama’s version of “Night of the Long Knives” for the finance industry. From WRB’s comment on previous thread.
Plus his veto threat on derivatives trading.
schrodinger's cat
@jl: Are you calling Tunch fat? Blasphemy !
You make Tunch sad and mad…
Calouste
@schrodinger’s cat:
SQL?
dmsilev
@schrodinger’s cat: What do you mean by ‘manipulate’? Doing statistics on various subsets, or running through some long analysis chain, or something else? R is pretty good for statistical work. If the set involves performing unnatural acts on matrices, Matlab is the usual tool. For general languages like C++ and Python, it depends a lot on whether you can find some libraries that set up a good foundation for you to build on. One of my colleagues uses SciPy as the base for his analysis code; seems to work pretty well. I personally prefer Igor Pro, occasionally backed up by C or C++ for the heaviest number-crunching jobs.
dms
MikeJ
@schrodinger’s cat: You’re just trying to start a holy war, aren’t you?
dmsilev
@MikeJ: Nah, he didn’t even hint at asking about Mac vs. PC vs. Linux.
Or vi vs. emacs.
dms
schrodinger's cat
@dmsilev: We are trying to price a volatility option for S&P 500 so I am going work with S&P futures contract data.
Full Disclosure: I iz not a bankster, is an academic.
licensed to kill time
@MikeJ: Well, what he said sounds like echolalia to me. In the religious sense, so there’s that.
schrodinger's cat
@dmsilev: I have used R a little, and have liked it, the initial calculations are simple, but the data set is enormous. My question is which of these is easiest to learn to code( I am new to all except C++).
schrodinger's cat
@licensed to kill time: I have no idea what you mean.
schrodinger's cat
@dmsilev: I iz not a boy kitteh.
Geeno
@schrodinger’s cat: I’m a big Perl fan. You can get all sorts of package modules for various purposes. Database access is packaged in the base release of Active Perl for Windows. There’s a Mac implementation as well if that’s how you roll.
jl
@schrodinger’s cat: This will sound insanely archaic and clunky. But for processing really really huge data sets I use SAS, and an academic should have access.
SAS is very scalable and idiot proof (hey, I use it). If it can at all be done with record-by-record processing in a few passes, and it is big, I use SAS. Clunky, but very easy to check.
SAS it, then port it to whatever.
Now, that should get me some flames around here.
Edit: and there are bazillons of SAS programmers around, so if you have $ you can get help easy.
demkat620
@burnspbesq: Gee, Broder just woke up and figured out Obama is a horse of a different color.
I’m shocked Broder had the sense to see it.
But I’m an Obot.
licensed to kill time
@schrodinger’s cat: Echolalia = babble = speaking in tongues = religious = MikeJ comment on starting a holy war = klutzy attempt at joke by moi, no offense!
ETA – in other words, I have no idea what you were talking about except that Perl and C ++ are programs/languages that I will never know how to use, please ignore me
dmsilev
@schrodinger’s cat: Oops, sorry about that.
It sounds like taking various models and evaluating them against your dataset is a large part of what you want to do. I’d go with something statistically-oriented like R, possibly with a Perl or Python or whatever preprocessor to put the raw data into a form that R can ingest.
dms
schrodinger's cat
@licensed to kill time: No offense taken, my comment does sound like gobbledegook if you are not a programmer.
jl
If S Cat can separate manipulation and data processing from analysis, SAS it, port it to R, and use R for statistical analysis, is what I would do (have done).
If you have a 64-bit PC, then Stata can handle very large data sets, and has all sorts of whiz-bang econometrics built in, and is easy to write simple programs, and I think is pretty cheap.
gogol's wife
@jl:
I can’t believe anyone made me laugh out loud at the end of this day.
kay
@burnspbesq:
“The product was new and complex, but the deception and conflicts are old and simple,” Robert Khuzami, the director of the S.E.C.’s division of enforcement, said in a statement. “Goldman wrongly permitted a client that was betting against the mortgage market to heavily influence which mortgage securities to include in an investment portfolio, while telling other investors that the securities were selected by an independent, objective third party.”
Goldman certainly thought that having an independent manager was material to any investor’s decision, or they wouldn’t have included it in marketing materials.
Cain
@schrodinger’s cat:
You probably don’t want to go wtih perl/python type languages unless you want to build a prototype that you can throw away.
You might consider using R or matlab though. Use languages built for that kind of thing. Otherwise will have their own experiences. But that’s what I would do.
cain
Cain
@jl:
I understand that there is a whitey video too.
cain
Nellcote
@Cain:
Tunch got an iPad?
Irony Abounds
John – have you read Michael Lewis’ “The Big Short” yet? If you haven’t, and you want to generate a desire to stick the testicles of your local investment bankers in a vice, I recommend you do so. It is unfuckingbelievable what went on. Reading also made understanding today’s news very easy – and the buffoons on CNBC, as might be expected, really were missing the point.
maus
@Irony Abounds:
Who on earth would trust their opinions on anything? My god, they’re the cheerleaders for financial destruction. I can’t imagine anyone other than day traders unwinding with CNBC.