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Thursday
Jan142010

MUST SEE: Hilarious SEC Comment On Security Pricing

This is apparently a comment letter sent to the SEC by a hedge fund manager flummoxed by the rigged game that now allows for virtually any asset to be valued at ANY price.

Source at SEC >>

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Subject: File No. S7-23-09
From: William T McGonagall, III
Affiliation: Dungeon Master

November 23, 2009

I don't reckon none of them asset backed securities oughta be accounted for at alls.  I reckon we ought not to mark them to market or anything.  We oughta mark 'em to my butt.

Sincerely,
William T. McGonagall, III

 

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Featured Comments:

 

Wow, no wonder the world is screwed up. He is probably a master of the Dyslexicon.

http://www.amazon.ca/Bush-Dyslexicon-Mark-Miller/dp/0393322963

Gompers

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DateJan 14, 2010 at 1:30 PM | Comment9 Comments | |

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Reader Comments (9)

I LOL'd. Must be the hedge-fund version of Ken. I like it.
Jan 14, 2010 at 1:33 PM | Unregistered CommenterJames H
Wow, no wonder the world is screwed up. He is probably a master of the Dyslexicon.

http://www.amazon.ca/Bush-Dyslexicon-Mark-Miller/dp/0393322963
Jan 14, 2010 at 1:45 PM | Unregistered CommenterS. Gompers
I thinks he wrotes it that away with Obama in minds.
Jan 14, 2010 at 4:44 PM | Unregistered CommenterRecoverylessRecovery
there was once mark to market...now mark to fantasy...and he's proposing mark to his butt...

classic teenage humor that cracks me the F up...
Jan 14, 2010 at 7:45 PM | Registered CommenterDailyBail
http://www.telegraph.co.uk/news/worldnews/middleeast/israel/6989429/Israeli-police-arrest-cult-leader-suspected-of-keeping-harem.html

Israeli police arrest cult leader suspected of keeping harem

Israeli police have arrested a suspected cult leader who is believed to have fathered dozens of children by as many as 30 women. He is being held on suspicion of rape, slavery and incest.
Jan 14, 2010 at 7:46 PM | Registered CommenterDailyBail
http://www.telegraph.co.uk/news/worldnews/europe/sweden/6990753/Weight-Watchers-clinic-floor-collapses-under-dieters.html

Weight Watchers clinic floor collapses under dieters

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also pretty funny...especially the part about rescuing their scales...
Jan 14, 2010 at 7:51 PM | Registered CommenterDailyBail
What did Harry Reid call that dialect?
Jan 14, 2010 at 7:59 PM | Unregistered Commentergobias
gompers...your comment has been added to the end of the story...
Jan 15, 2010 at 1:22 AM | Registered CommenterDailyBail
Gobias racial attack number two.
Jan 15, 2010 at 5:39 AM | Unregistered CommenterS. Gompers

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