Comments for Devon Pendleton

Comment on Back At It by Chris Ford Guidry

Chris Ford Guidry — Mon, 04 Apr 2011 02:35:23 +0000

Don’t worry, it will all come in handy. I hope there is truth to no pain no gain. Glad I bumped into you along the journey. And if you ever forget the difference between a product manager and a project manager is, or how old school print editors can turn techy geek, give me a holler!

Comment on Obama's Entrepreneurship Summit: Propaganda or Progress? by ebizjoey

ebizjoey — Sun, 02 May 2010 21:19:25 +0000

“enabling people all over the world to make a living”, Yeah, and we need some answers for our own hearts and minds stateside too.

Comment on Obama's Entrepreneurship Summit: Propaganda or Progress? by Devon Pendleton

Devon Pendleton — Thu, 29 Apr 2010 16:37:12 +0000

I completely agree- entrepreneurs certainly aren’t greedy necessarily- but the juxtaposition between the White House’s promotion of entrepreneurialism on one hand and a simultaneous dressing-down of capitalism on the other hand says a lot about capitalism’s intent and how that can be skewed.

Comment on Obama's Entrepreneurship Summit: Propaganda or Progress? by Anne Field

Anne Field — Thu, 29 Apr 2010 13:07:55 +0000

Not sure why an interest in entrepreneurship and in battling the “unchecked” greed of capitalism are mutually exclusive. The issue isn’t capitalism per se, it’s poorly regulated capitalism. Entrepreneurs generally aren’t greedy. Sure, they want to make money, but that usually isn’t the prime motivator.

Comment on Obama's Entrepreneurship Summit: Propaganda or Progress? by andylevinson

andylevinson — Thu, 29 Apr 2010 12:43:00 +0000

Too bad the undocumented president didn’t spend some time on american jobs

Comment on Goldman's Fraud: Ignorance, Meet Arrogance by Goldman Fraud - MeMiM

Goldman Fraud - MeMiM — Wed, 21 Apr 2010 23:38:05 +0000

[...] accused Goldman Sachs Group of fraud in the structuring and marketing of a debt product tied to. suGoldman Fraud – XE Com – TAKE-A-LOOK-Goldman Sachs Faces Fraud Charges The US Securities and Exchange Commission [...]

Comment on Goldman's Fraud: Ignorance, Meet Arrogance by ebizjoey

ebizjoey — Tue, 20 Apr 2010 23:29:12 +0000

I like your analogy in the beginning, since trust is the foundation of banking, these people are just modern day big city cannibals, and when the pendulum goes to far, regulation is how we bring it back. Let them cry. The video is great, I needed that!

Comment on Goldman's Fraud: Ignorance, Meet Arrogance by Herb Lepp

Herb Lepp — Tue, 20 Apr 2010 18:47:06 +0000

Common sense is what motivated the buyers of the CDO. For peanuts, one could insure against price change of a financial investment.

The CDO product worked. The players were all experienced investors. No losses were unintentional or part of Wall Street business risk. The public wasn’t effected in the SEC claim against Goldman.

If you seek economic harm caused, you must look elsewhere and you need a scorecard.

Comment on Goldman's Fraud: Ignorance, Meet Arrogance by scottchaffee

scottchaffee — Tue, 20 Apr 2010 17:20:39 +0000

Did they understand that subprime mortages were bundled and given triple A ratings? Did they understand the nature of a cyclical economy? Of course they did! They sold crap to their own investors, then hedged their bets by creating and buying insurance packages against the very instruments they were marketing as golden. They were glorified car salesmen selling a product they knew was crap and then insuring themselves against the inevitable crack up. Don’t buy into another example of the “no one could have known” excuse.

Comment on Goldman's Fraud: Ignorance, Meet Arrogance by Devon Pendleton

Devon Pendleton — Tue, 20 Apr 2010 16:47:54 +0000

I agree, these guys made full use of a pretty lax regulatory environment to try to make as much money as they could. Is that bad? Not necessarily- as traders, its their job. What is bad is that I’m not convinced they fully understand the instruments they were trading or the market they were modeling with the Abacus CDO. A computer told them it was a good way to make a buck so they went at it. Grad degrees and experience in financial markets are no sub for common sense.