Seeking Alpha

Old Trader » Comments » AKP

  • Do California IOUs Carry an Implicit Guarantee from the Federal Government? [View article]
    Interestingly enough, FT had a front article about Wall St. firms and people gearing up to trade CA. IOUs. People evidently have started advertising on Craigslist, offering to buy the scrip. It pointed out that because the IOUs will be repaid in a reltively few months, and as mentioned, pay 3.75% interest, even paying $.99 to the dollar would result in an annual yield in excess of 7%.

    Second-Market, a firm that trades illiquid securities like private company stocks, bankruptcy claims, and hedge fund partnership units is also getting ready to jump in on the action.
    Jul 07 00:10 am |Rating: +1 -1 |Link to Comment
More on AKP by Old Trader
Comments by Ticker
A, AA, AAON, AAP, AAPL, AAUKY.PK, AAXJ, AB, ABB, ABC, ABFS, ABK, ABM, ABT, ABX, ACA, ACAS, ACE, ACF, ACH, ACI, ACL, ACLI, ACM, ACN, ACV, ACWX, ACXM, ADBE, ADC, ADCT, ADE, ADM, ADP, ADRA, ADRE, ADS, ADSK, ADX, ADXTF.PK, AEC, AEE, AEM, AEO, AEP, AES, AET, AETUF.PK, AEZ, AFG,
Old Trader is a
Top 20 Commentor
1746 comments
Rating: 3404 (3877 - 473 )