tag:blogger.com,1999:blog-14963913.post8603786650608284828..comments2023-10-27T20:27:57.900-04:00Comments on Kid Dynamite's World: A Sit Down With Senior Treasury Officials - Part IKid Dynamitehttp://www.blogger.com/profile/17475987512856310577noreply@blogger.comBlogger23125tag:blogger.com,1999:blog-14963913.post-33128453125411199992009-12-10T00:46:37.699-05:002009-12-10T00:46:37.699-05:00This comment has been removed by a blog administrator.Anonymoushttps://www.blogger.com/profile/13750296861408964040noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-54844203494241100722009-11-24T04:25:49.218-05:002009-11-24T04:25:49.218-05:00Very thoughtfull post on "A Sit Down With Sen...Very thoughtfull post on "A Sit Down With Senior Treasury Officials - Part I".And I would like to say that I'm living my dream of owning my own business and working from home earning equally or more than the regular jobs by using http://debtfreeliving.ownanewbusiness.com.<br /><br />Thanks,<br />Peter- <a href="http://debtfreeliving.ownanewbusiness.com" rel="nofollow">Own a new business</a>camilynhttps://www.blogger.com/profile/01024263073326014593noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-27405122429119541232009-11-05T21:29:55.869-05:002009-11-05T21:29:55.869-05:00@David - i think if they demanded I write bright f...@David - i think if they demanded I write bright flowery things about the Treasury crisis response, that would be unreasonable. Similarly, if i wrote such flowery things with the hope of being invited back, THAT would be a compromise of my values, integrity, and credibility.<br /><br />fortunately, that is not what happened.Kid Dynamitehttps://www.blogger.com/profile/17475987512856310577noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-88328845062256017372009-11-05T21:23:34.404-05:002009-11-05T21:23:34.404-05:00You should not have walked out, but you should not...You should not have walked out, but you should not have agreed to any supression of speech, especially before you knew who was going to say what. Why is the Gov't calling bloggers in for a talking to, in secret?. Really, you should not consider yourself bound by that kind of agreement, its not enforceable. By the way, did you insist that they submit to your demands on their future communication? You gave them credibility with your presence, they took your credibility by having you submit to their unreasonable demands. Next time they will demand more control over you. You don't give an inch on principles of freedom when dealing with corrupt men of appetite and greed.David Chessikhttps://www.blogger.com/profile/11536162282291932471noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-57892959898276585392009-11-05T18:03:24.617-05:002009-11-05T18:03:24.617-05:00I am glad you did not just walk out. I do not thi...I am glad you did not just walk out. I do not think it is material to have to know which exact Treasury official said X,Y, or Z only that the Treasury was involved with the discussions. No issue there.<br /><br />Thanks for the information and looking for Part II.<br /><br />PS;<br />I am from Northeast Massachusetts near NH border and yes the leaves are rough, but the acorns this year are almost to the silly point.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-74500577539285442112009-11-05T17:18:27.543-05:002009-11-05T17:18:27.543-05:00@Asphalt - i don't think so. if anything, I wa...@Asphalt - i don't think so. if anything, I was more frustrated that my one key question was basically shafted (wait for part II)<br /><br />anon - no - i didn't sign any disclosures. but i don't think it really detracts from the recap that you don't know the names of the people who were in the room.Kid Dynamitehttps://www.blogger.com/profile/17475987512856310577noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-49892157894786147472009-11-05T16:30:20.160-05:002009-11-05T16:30:20.160-05:00Kid,
Did you sign a contract about quotes and ID&...Kid,<br /><br />Did you sign a contract about quotes and ID's, or was it just scout's honor? Hell, I'd do it anyway. It's not like they'd be able to put the cat back in the bag afterward.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-14963913.post-29449456304241079102009-11-05T15:59:50.585-05:002009-11-05T15:59:50.585-05:00Question: looking back on the event, were there id...Question: looking back on the event, were there ideas/opinions *prior* to the meeting that changed *after* the meeting to make your opinion of the Treasury/Policy/Whatever more favorable?<br /><br />I think that was the Treasury's goal. Why? Because it then becomes easier for them to influence the public discussion.<br /><br />Whether you like it or not, the trip will affect your opinions going forward. You will probably give the Treasury a *little* more positive spin where maybe before the trip you would have come down harder on whatever issue you are writing about.<br /><br />This is very common and well documented social/psychological phenomena irrespective of culture. <br /><br />It doesn't mean you'll be the Treasury's new cheerleader. Perhaps a little more friendly to them in your writing?<br /><br />Thanks for writing about the trip.asphaltjesushttps://www.blogger.com/profile/08765332584479590400noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-31824097639411123732009-11-05T10:46:56.781-05:002009-11-05T10:46:56.781-05:00Hi David - that's an interesting comment, and ...Hi David - that's an interesting comment, and one that I'd generally tend to agree with, but i think it's a bit too idealistic. After all, whatever access I was able to get to the Treasury, and whatever responses I was able to absorb and re-communicate are doubtless better than the alternative of proving the ideological point of telling them to suck it, which would result in me getting zero access.<br /><br />you call it a diminishment of freedom - i don't agree. Had I told the treasury "fuck you, Kid Dynamite will quote you or he will leave," they would have escorted me out, and you'd be staring at a post about me raking leaves in my new yard today (which is what i'm taking a break from right now!)<br /><br />would that be better?Kid Dynamitehttps://www.blogger.com/profile/17475987512856310577noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-3628225646207400422009-11-05T10:38:45.800-05:002009-11-05T10:38:45.800-05:00Hello,
Accountability and responsibility go ...Hello,<br /><br /> Accountability and responsibility go hand in hand, and accountability is personal accountability, there is no other kind. When they demanded your promise to not attribute what they said to them individually, why didn't you leave? Or tell them that is not possible. Selling out principles of freedom as a ticket to the 'in group' is not bright. Between governments and governed, truth must rule, not agreements to surpress the truth, and fail to hold government officials to their record. I love your blogsite, but I am concerned about agreeing to diminishment of freedom to win access. Tell em to shove it.David Chessikhttps://www.blogger.com/profile/11536162282291932471noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-73531881074629751142009-11-04T22:54:42.104-05:002009-11-04T22:54:42.104-05:00S - yes - more liquidity certainly helps the &quo...S - yes - more liquidity certainly helps the "churning" as you call it, because more liquidity always helps. I guess you could say that the dark pools are a "back end" for HFT - but my point is that the HFT algo's cannot prey on the dark pool volume - they can USE the dark pools as another liquidity source, but cannot "pattern map" the dark pools - because there are no bids/offers to "pattern map"<br /><br />as for the criteria - I don't know what it was - but i don't think the Treasury was successful in persuading this group that I was a part of.Kid Dynamitehttps://www.blogger.com/profile/17475987512856310577noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-60621759577318658902009-11-04T22:45:09.055-05:002009-11-04T22:45:09.055-05:00it is my feable understanding that many of the qun...it is my feable understanding that many of the qunts take the large basket trades break them into packets and run them through the pools. If so arn;t the pools merely a back end to the hft and front side. Regardless, seems the arb has clearly been measured and it would comprise the differential between what the potential price exchnage execusion is and what the pool costs plus commision. Indeed if the pool where not intact would not some of the churning be uneconomic? any studies on this?<br /><br />Also as to last point what was the criteria for being selected - Yves, waldman and JJ and Accruedint were obviously thought to be persuadablesnoreply@blogger.comtag:blogger.com,1999:blog-14963913.post-48258843297156627602009-11-04T22:35:17.623-05:002009-11-04T22:35:17.623-05:00Just a thought gents. Did you think that maybe th...Just a thought gents. Did you think that maybe they invited you to see if you've been able to pick up the scent of something they are hiding. You know something really nasty. Not the normal we've stolen trillions and there's nothing you can do about it. Something really bad.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-14963913.post-59067920952595644802009-11-04T20:06:07.634-05:002009-11-04T20:06:07.634-05:00I can relate.
I was recently asked by local gove...I can relate. <br /><br />I was recently asked by local government officials to meet with them to discuss the penalties and payments incurred as a result of what is apparently the illegal activity of minding my own business outside of what I didn't know was the bathroom window of what turned out to be a high school girl from my neighborhood but how's a guy supposed to know where is and where isn't ok to mind one's own business and where do they get off assuming I was peeping on this busty young lady because there are many reasons I could have been standing there minding my own business and none of THEM were assumed and I can promise you each of those scenarios would explain why I had my pants around my ankles.<br /><br />Don't worry, though. I think my "elastic bands lose effectiveness over time" defense will explain the pants.<br /><br />I'll keep you posted.The Bracelethttps://www.blogger.com/profile/04238390305121612717noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-42931675756498554402009-11-04T17:51:25.662-05:002009-11-04T17:51:25.662-05:00Hey,
I cannot believe I never came across your blo...Hey,<br />I cannot believe I never came across your blog before. Great writing and a poker player! I really wish online poker would return, I rmemebr the good old partypoker sit-n-gos.<br /><br />Thanks for the most interesting report from the Treasury meeting.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-57108534248323094502009-11-04T17:27:07.849-05:002009-11-04T17:27:07.849-05:00"They didn't pay" -- sorry.
"Pr..."They didn't pay" -- sorry.<br />"Pretense of the meeting" -- good one!bergstenhttps://www.blogger.com/profile/12986639387914519826noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-71394707550325360032009-11-04T17:24:24.107-05:002009-11-04T17:24:24.107-05:00bergsten - they didn't pay for it, although i ...bergsten - they didn't pay for it, although i asked. the pretense of the meeting was "As part of Treasury’s efforts to communicate with the public"....<br /><br />Carlo - this is hardly a blog about gambling - although it once was...<br /><br />S - i think you overestimate the arb - dark pools were created because customers needed/demanded them. Banks run them because they charge commission - it's like running their own little exchange - not because they arb the flow within them.Kid Dynamitehttps://www.blogger.com/profile/17475987512856310577noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-62863592342807915682009-11-04T15:20:48.343-05:002009-11-04T15:20:48.343-05:00fascinated by your discussion of dark pools and al...fascinated by your discussion of dark pools and algos - curious however when you boil it all down top info arb and spread how one can argue in favor? Clearly the banks running them are arbing the spread/impact differential of the exchange or there would be no need for them (in spite of the reported discovery after the fact). Putting aside technical jargan and execution arguments - because I banks arn't in the bsuiness of altruism - can you identify the arbitage? if it is an informational one how can one argue without the default "better execusion" reflex that it isnt scalping by another nameSnoreply@blogger.comtag:blogger.com,1999:blog-14963913.post-45246241239252093882009-11-04T15:12:10.121-05:002009-11-04T15:12:10.121-05:00A dude with a blog about gambling gets invited to ...A dude with a blog about gambling gets invited to a confab with STOs. Makes perfect sense...Carlo Ponzinoreply@blogger.comtag:blogger.com,1999:blog-14963913.post-69015313231450654062009-11-04T14:40:11.243-05:002009-11-04T14:40:11.243-05:00Did the invitation cite a purpose/agenda for the m...Did the invitation cite a purpose/agenda for the meeting?bergstenhttps://www.blogger.com/profile/12986639387914519826noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-15289366706873875642009-11-04T14:34:23.463-05:002009-11-04T14:34:23.463-05:00how many bloggers id DON'T correspond to their...how many bloggers id DON'T correspond to their gender? good bit, btwfrank.mcgillicuddyhttps://www.blogger.com/profile/10663691698358179583noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-47395150405695505752009-11-04T14:32:04.979-05:002009-11-04T14:32:04.979-05:00Did the Feds pay for the trip?Did the Feds pay for the trip?bergstenhttps://www.blogger.com/profile/12986639387914519826noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-81560292598892047352009-11-04T13:19:07.136-05:002009-11-04T13:19:07.136-05:00Good stuff, can't wait for part II... I'm...Good stuff, can't wait for part II... I'm assuming that's when you all are appointed to some new board to help get us out of this mess...Joelhttps://www.blogger.com/profile/15131945716054824201noreply@blogger.com