He He He He He

Boston Legal Fans!!! Enjoy

Denny Crane : Did my client tell you that this drug is unapproved by the FDA?
Mark Harrison : Yes.
Denny Crane : Did he tell you that, ah, there could be side effects?
Mark Harrison : Yes.
Denny Crane : You were fully informed.
Mark Harrison : I was.
Denny Crane : You consented.
Mark Harrison : I did.
Denny Crane : Take it again?
Mark Harrison : Absolutely.
Denny Crane : Like the doctor?
Mark Harrison : Love him.
Denny Crane : How's your memory?
Mark Harrison : My memory's fine.
Denny Crane : What's my name?
Mark Harrison : Denny Crane.
Denny Crane : Like you mean it!
Mark Harrison : Denny Crane!
Denny Crane : What's my name?
Mark Harrison : [shouts] Denny Crane!
Denny Crane : No further questions.

Satyam Saved!! Well Done Corporate India...

"All that the Enron website will tell you is about the efforts of the Enron Creditors Recovery Corp's efforts to reorganise and liquidate the remaining operations and assets of Enron''. Ditto with lehman.com or lehmanbrothers.com. It just tells you that the company has filed for bankruptcy protection, and then there are links to other sites that help you understand the state of ‘‘disposition of businesses and subsidiaries'' of the company.

Satyam's website in contrast, is refreshing. Despite having been hit by India's biggest corporate scam over three months ago, it still presents a business-as-usual look. The home page has the latest announcement of Tech Mahindra emerging the highest bidder for the company. There's a congratulatory message from Kiran Karnik, the chairman of the board. There's a comment from Justice S P Bharucha, certifying that the bid process was fair, transparent and open. And beyond that, it's all the things you would expect to find in any IT company's website.

In other words, the Indian government and industry have reason to pat themselves on the back for pulling Satyam out of what once looked like certain disaster — for ensuring Satyam didn't go the Enron or Lehman way. And that indeed is what many of them are now doing.”

The Rupee Symbol

"The Government of India has invited the public to suggest a symbol for the Rupee. Just as the Dollar is universally denoted by $‚ the government thinks the Rupee should also have its own unique symbol that captures a sense of India’s history and culture. Listed in the link are 19 suggestions from ET’s team of designers. Please vote for the one you find best. ET will present all these symbols ‚ along with the ET viewers’ preference‚ to the Ministry of Finance"

Vote Here

Rolling Stones Analysis on the Crisis!!

"In its simplest form, a CDS is just a bet on an outcome. Say Bank A writes a million-dollar mortgage to the Pope for a town house in the West Village. Bank A wants to hedge its mortgage risk in case the Pope can't make his monthly payments, so it buys CDS protection from Bank B, wherein it agrees to pay Bank B a premium of $1,000 a month for five years. In return, Bank B agrees to pay Bank A the full million-dollar value of the Pope's mortgage if he defaults. In theory, Bank A is covered if the Pope goes on a meth binge and loses his job."

Thanks Pierre!! Simply Brilliant!!

More here