Does anyone actually understand the bill? What is likely to get passed? What are the likely outcomes?In particular, how is it going to impact hedge funds, private equity funds, and venture capital firms?Any ideas are welcome!

<t>A lot of good points made here, and I thank everyone for their thoughts. The main point of my post was to encourage debate. I could have argued to the opposite effect, but that side of the story has been told and re-told countless times by the media, so what would have been the point? Also, if I ...

<t>And here's why:Abacus is comprised of synthetic CDO's. Synthetic CDO's are basically a gambling instrument, and wouldn't exist if there weren't two sides to the transaction. That can be said of all trades, but it's especially true in this case, and the parties involved definitely know that. Regar...

<t>Which bank has these rates? And in which currency? I might be able to give a better answer with those two bits of information.If those rates are real, I am guessing the bank has a huge risk position in the 190-day bucket, and are showing a considerable interest to alleviate their risk. There migh...

<t>QuoteOriginally posted by: barnyQuoteOriginally posted by: brotherbear1220Traders and strategists have very similar jobs, so it's not a bad question. On the sell-side, strategists generally sit on the trading desk, making trade recommendations, watching for macro events, and telling traders and s...

<t>Traders and strategists have very similar jobs, so it's not a bad question. On the sell-side, strategists generally sit on the trading desk, making trade recommendations, watching for macro events, and telling traders and salesmen what those events mean to various markets. Strategists also do som...

<t>Take the Barclay's job. I assume that's the 'British bank' you're speaking of. I assume the other in J.P. Morgan. The fact that you never spoke to anyone in the front office should be your deciding factor. You're only hoping that you'll get to move to the FO. Why would you risk it, when you can s...

Any thoughts on MS S&T Fixed Income Division?How do they compare with the FICC powerhouses like DB, BarCap, Goldman, UBS, etc.?Which desks within MS FID are the best? Currencies? Rates? Commodities?Any thoughts appreciated!

No one is going to do your homework for you.

Where did you hear the rumour about JPM announcing the purchase of Sempra UK this week?

<t>In no particular order:Barclays CapitalGoldmanJ.P. MorganRBSDeutsche BankI'm not so sure about BAML right now. RBS used to be huge, as did UBS. UBS lost their top USD Swaps dealer about a year ago. HSBC is okay, but not great. Same goes for Citi.Really, you want to look for firms that have large ...

<t>You have a triangle ABC with an ant that starts at vertex 'A.' The ant can move in either direction (either to vertex 'B' or to vertex 'C') with equal probability (50% chance). What is the probability the ant approaches vertex 'C' from 'A' and not from 'B'?In a similar situation, you have a squar...

Does anyone have a good paper (mix of theory and practice) on asset-backed securities?I'm looking for domain knowledge.Any help appreciated.

<t>I also don't like implants. I agree, though, that the poll is likely to be quite biased towards people who dislike fake tits for the reasons outlined above.I have (like Farmer, I suppose) had a few women ask me to feel their implants, though. Great success? Meh... Here's the continuum:1.) Large r...

<t>I mean--does RBS have notable operations in parts of the world JPM doesn't? Do they deal in products JPM doesn't? JPM already got all of Bear's assets (including Bear Energy), and they have their offices in Houston. I don't really see JPM putting up 4 yards of USD to buy up some quants from Stamf...