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Jean-Claude Kommer


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CDS: massive improvement for XL Capital (XL) and ML

CDS via CMA DataVision:

 

The most important and most ignored sentence in Merrill's (MER) press release:

The sale will reduce Merrill Lynch’s risk-weighted assets by approximately $29 billion.

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This article has 2 comments:

  •  
    To all Banks and Broker Firms: just FIRE SELL all your structure finance vehicles i.e.: CDO-ABS-MBS-SIVs from your books if you want to live period!
    2008 Jul 30 10:07 AM | Link | Reply
  •  
    From what I've read,they are still on the hook for 75% of this junk...
    2008 Jul 30 12:22 PM | Link | Reply
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