Crunk Times, My friend.....Crunk Times

[IamDeMan 5,000+ posts]

Not really, no. If I knew how to make a dollar betting on the collapse of pension funds, I'd put a couple grand there. Defined benefit pension funds, imo, is not a sustainable model. Think about it, when the company is doing worse and scratching up dimes it has to pay the most to the retirees.
The models the actuaries use are/should be transparent. While they still may be worthless, they are transparent by both the union (or other employee rep) side and the management side. I doubt you or I could see the models that define the companies contribution to defined benefit programs, however.

I haven't heard/read much about precisely how Madoff fixed the books. He had a model, which he disclosed and followed. This is how people started figuring it out. He told investors what he was doing...the returns where the issue. This is the biggest difference between finance and accounting. Accounting is past, finance is future. You don't model accounting, as it has already happened.

The parallels between this and the subprime fiasco are worth noting. However, no one wants to blame themselves because they believe they are entitled to a house, 2 cars and a dog. Just as some investors believe they are entitled to 20% annual returns.

Thanks a lot for the input.

Now I actually have to pick out some articles or reports to read, so I can note some specifics. This helped me formulate a direction to go with it though.

 

[DBfan187 5,000+ posts]

I got called a racist last night at the mall by some Indian because I said I didn't vote for Obama. Hell I didn't even vote at all because I could care less about politics all together.

 

[IamDeMan 5,000+ posts]

Interesting tidbit.

Joseph Spence wrote that Lord Radnor reported to him "When Sir Isaac Newton was asked about the continuance of the rising of South Sea stock… He answered 'that he could not calculate the madness of people'."

 

[MikeofTulsa Moderator]

I just put the two and two together that db is denver broncos



you are not the only one. i figured since this is a ca site it was db as in deciblesfan187

 

[Jameseypoo 5,000+ posts]

you are not the only one. i figured since this is a ca site it was db as in deciblesfan187

this

 

[IamDeMan 5,000+ posts]

you are not the only one. i figured since this is a ca site it was db as in deciblesfan187

this

Then this mean you all fail at reading and retaining in the lounge and more importantly in CT. this is why it is "MY THUNDERDOME" these details do not escape me. Losers.

 

[DBfan187 5,000+ posts]

 

[DBfan187 5,000+ posts]

Then this mean you all fail at reading and retaining in the lounge and more importantly in CT. this is why it is "MY THUNDERDOME" these details do not escape me. Losers.

//content.invisioncic.com/y282845/emoticons/imdaman.gif.bc6c552e19aa4ad8c47461144f40eb1a.gif

 

[Jameseypoo 5,000+ posts]

Then this mean you all fail at reading and retaining in the lounge and more importantly in CT. this is why it is "MY THUNDERDOME" these details do not escape me. Losers.

Remember where you are - this is Thunderdome, and death is listening, and will take the first man that screams.

 

[MikeofTulsa Moderator]

Then this mean you all fail at reading and retaining in the lounge and more importantly in CT. this is why it is "MY THUNDERDOME" these details do not escape me. Losers.

if it has been said before i cannot be blamed, i have not read ct untill recently once i attained ct status.

 

[DBfan187 5,000+ posts]

2 men enter, only 1 leaves.

 

[MikeofTulsa Moderator]

con air rules

 

[Flipx99 5,000+ posts]

Well, I watched the inaguration. Obama fvcked up on the Oath. His speech was good, I thought. Then some lady did a poem that made no sense.

 

[IamDeMan 5,000+ posts]

if it has been said before i cannot be blamed, i have not read ct untill recently once i attained ct status.

There is no excuses in CT. It is required reading to start from beginning to end once membership has been established. now get ready for your wet noodle lashings.

 

[MoTs Wife 10+ year member]

I hate being back at work after 2 weeks off.... Atleast have you all for entertainment.