Karl Denninger, The Market Ticker

Microsoft Corporation (MSFT) - Karl Denninger at The Market Ticker

Microsoft: Blow Me. Now this is hubris: Today most hacked PCs run Microsoft's Windows operating system, and the company has invested millions in trying to fight the problem. That's because the operating system was designed for backward compatibility with Windows 95 and 98 first (and 3.1 before it) which had no concept of permissions or privileges. 

American International Group, Inc. (AIG) - Karl Denninger at The Market Ticker

AIG Gets The Dreaded "Going Concern" Gee, who saw this coming..oh wait , not in the press release, is it? . NEW YORK (BUSINESS WIRE) American International Group, Inc (AIG) today reported a net loss attributable to AIG common shareholders of $8.9 billion for the fourth quarter of 2009, or $65.51 per diluted common share, compared to a net loss of $61.7 billion or $458.99 per diluted share in the fourth quarter of 2008. Fourth quarter 2009 adjusted net loss was $7.2 billion, compared to an adjusted net loss of $38.5 billion in the fourth quarter of 2008. 

American International Group, Inc. (AIG) - Karl Denninger at The Market Ticker

It appears that AIG , the company we have bailed out (thus far) to the tune of some $100 billion plus, in fact isn't done It appears they may have written credit protection on Greece If this allegation by the German equivalent to The New York Times is true Americans are going to be asked to pay billions of dollars , or more likely, hundreds of billions (since Greece is almost certainly not the only place , try Spain, Portugal, Ireland, etc) to bail out a bunch of FOREIGN NATIONS 

The Goldman Sachs Group, Inc. (GS) - Karl Denninger at The Market Ticker

More Hand Waving By The Vampire Squid Now comes Goldman Sachs trying to justify the Greek Debt Swaps Following Greece's decision to join the European Monetary Union and adopt the Euro (which, under the criteria set by the European Union, included a debt to GDP ratio of less than 60%), reducing the size of foreign denominated liabilities became a priority for Greece, as it did for most European sovereign states According to the EU accounting framework, unhedged foreign currency denominated debt was required to be translated into Euro using the year end exchange rate 

The Goldman Sachs Group, Inc. (GS) - Karl Denninger at The Market Ticker

Now The Game's Afoot (Greece and Goldman) This is amusing Greece turned to Goldman Sachs Group Inc in 2002, just after adopting the euro, to get $1 billion in funding through a swap on $10 billion of debt, Christoforos Sardelis, head of Greece's Public Debt Management Agency at the time, said in an interview last week Eurostat, the EU's statistics office, was aware of the plan, he said Risk Magazine also reported on the swap in 

The Goldman Sachs Group, Inc. (GS) - Karl Denninger at The Market Ticker

Employees from Goldman Sachs gave more to the Obama campaign than any other organization except the University of California with Citigroup and JPMorgan Chase quickly following in sixth and seventh place Absolutely correct 

The CIT Group, Inc. (CIT) - Karl Denninger at The Market Ticker

John Thain, the ousted chief of Merrill Lynch & Co, was named to lead CIT Group Inc, the commercial lender that emerged from bankruptcy in December, after a nearly four month search for a replacement Oh, they are serious The same John Thain that ran Merrill into the ground with, in part, basis trades (that is, proprietary trading) that blew up in his face? 

Cisco Systems, Inc. (CSCO) - Karl Denninger at The Market Ticker

When Cisco last took the stage in November, CEO John Chambers predicted an uplift in business He didn't mention at the time that the company would offer to lend a hand in the form of zero percent financing Taking a page from the automakers' playbook circa 2002, Cisco introduced three year, interest free financing for its small and mid sized business customers last week 

BlackRock, Inc. (BLK) - Karl Denninger at The Market Ticker

(BlackRock) One has to wonder We counted over 1,800 13Gs that Blackrock dumped on Friday , which explains why EDGAR might have been a tad bit pokey The stream started at just after 2 pm est and didn't let up until just after 4:30, when the last one, which reported a 65% stake in Vodafone came in