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Messages - Denny Crane

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31
General board for soon-to-be 1Ls / Re: freaking out
« on: August 15, 2007, 10:46:26 PM »
I have a copy of PLS II. 

I read about 20 pages or so and never looked at it again.  I'm pretty convinced that those books are kind of useless.  Just be sure to ask current students at your school for advice, and be sure to pay attention in class regarding how the professor wants things done. 
You're going to yale and you read PL2? Come on... the book is definately not for you! You're way to prestigious for that.

I got it before I got accepted. 

32
Lol the day an outsider owns the largest bank in America will be the day we are no longer a hyperpower.

That day is not far away.  Chinese sovereign funds are huge and they need a home. 

Besides, we prolly only have 20-25 years left.

You mean 20-25 years left in our dominance?

I don't think so.  China's still growing so fast because it still has room to grow fast.  Also, there are too many domestic problems in China that will prevent it from overtaking the US.  It will be a very challenging rival, no doubt, but won't overtake us.

ETA: Actually, I think you meant that China will have the largest bank, right?  I think international bank penetration into China will be extensive enough for this not to happen either, though in total China may have the most assets (though this won't be for a long time since it's still such an impoverished country).

20-25 years left in our dominance.  No doubt in my mind about it. The change in their international influence in the last 5 years alone is unbelievable.  No country has ever, in the history of the world, grown so fast -- economically and in terms of intl influence. Ever.  And they haven't even started yet.

As for their so-called domestic problems, they only have one -- the problem of internal migration from country to city.  The rest of it -- democracy, etc -- is just a bunch of hooey hyped by american cable news. 

I wasn't even thinking about politics or culture when I was talking about their domestic problems.  I was more focused on population size and environmental degradation, not to mention ever-increasing competition between them and India for resources, and the three-way fight between China, India, and Japan for regional supremacy, with Russia as the wild-card. 

The US has and always will have the blessing of geographic isolation and regional stability.  China will never have that.

Also, China doesn't even come close to reaching the productivity and innovation of the US, and the products they do produce are of questionable (even deadly) quality. 

And while their influence is spreading, it's nowhere near what the influence of the US is.  I very much think the power of China is incredibly overstated.  Even China realizes its own limits, which is why its long-term military strategy is not to develop a military that can defeat the US, but rather one that can cause heavy damage to the US in the case of a US-led invasion on the Chinese mainland.  That's a far cry from the military strategy of a true global power.

33
Lol the day an outsider owns the largest bank in America will be the day we are no longer a hyperpower.

That day is not far away.  Chinese sovereign funds are huge and they need a home. 

Besides, we prolly only have 20-25 years left.

You mean 20-25 years left in our dominance?

I don't think so.  China's still growing so fast because it still has room to grow fast.  Also, there are too many domestic problems in China that will prevent it from overtaking the US.  It will be a very challenging rival, no doubt, but won't overtake us.

ETA: Actually, I think you meant that China will have the largest bank, right?  I think international bank penetration into China will be extensive enough for this not to happen either, though in total China may have the most assets (though this won't be for a long time since it's still such an impoverished country).

34
Lol the day an outsider owns the largest bank in America will be the day we are no longer a hyperpower.

I thought CitiGroup was the largest by assets.

35
Black Law Student Discussion Board / Re: Life As An Associate
« on: August 15, 2007, 09:01:57 PM »
Something tells me that one of the most enjoyable experiences I'll have in law school is seeing you two guys duke it out IRL.

36
Black Law Student Discussion Board / Re: Life As An Associate
« on: August 15, 2007, 08:49:12 PM »
Especially if you go to a firm that uses contract attorneys to do 90% of the doc review ;)

Is that what yours does?

If so, I'm even more determined to work there.

Yup.  While you still do some, it makes life much better, and you're actually looking at the important stuff.

Knowing you you're also looking down at the poor contract attorneys.

No, they know what they are getting themselves into.  In exchange for flexibility and predictability, they get the drudge work.  Whatever floats your boat.

They get paid below market?

37
Lol I dunno you tell me...they're your banks.  And by BoA, do you mean Bank of America?  Because that's...um...American (and definitely covered by FDIC).

Yes, I mean Bank of America, which is owned by Deutsche Bank, the largest bank in Germany.

OK, you need to tell me where you're getting this b/c I think you're dead wrong.

ETA: Here are the major shareholders: http://finance.yahoo.com/q/mh?s=BAC

Hmmm...

I definitely recall hearing that DB bought BoA a few years back.  I even had friends who worked at DB who mentioned it.  Looks like we were all wrong.  Poot.

38
Black Law Student Discussion Board / Re: How Come...?
« on: August 15, 2007, 08:43:02 PM »
how come i love colbert  :D

How come Richard Branson doesn't?

39
Black Law Student Discussion Board / Re: Life As An Associate
« on: August 15, 2007, 08:42:19 PM »
Especially if you go to a firm that uses contract attorneys to do 90% of the doc review ;)

Is that what yours does?

If so, I'm even more determined to work there.

Yup.  While you still do some, it makes life much better, and you're actually looking at the important stuff.

Knowing you you're also looking down at the poor contract attorneys.

40
plus he lugs his own gear making the whole survival thing that much harder, on those other shows the cameras are usually already set up....one more clue to fakeness

The set up cameras I can forgive for BG since I always figured that he just waited for the cameramen to go ahead of him and set up the shot. 

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