Richard Shinnick

What Are Brokers' Exposures to Carlyle Capital?

JbMaria,

Long gone, I actually made a miniscule profit on that trade, but I saw the writing on the wall and jumped out in the $4.90 range. Its those pesky mortgages again. In any case, these days the long trades are just hedges and the short trades seem to be the real "investments" as it is hard to hold any long trades with any conviction.

What Are Brokers' Exposures to Carlyle Capital?

Barry,Mark,

Right you are, I personally know a few people "on the verge" whose home equity lines have not quite run out. These are prime and alt-a types. Also, I think S & P limited its prediction to "supprime" but the market heard what it wanted to hear.

What a mess.

Latest Bank Headache: Home Equity Loans

Barry,

You are really bumming us out here. We need more denial not more reality. We absolutely have to get on the same page, the consumer exists to spend, that is what HELOC's are for! That is what credit cards are for! In tough times we can't under any circumstances stop spending! If the consumer can't borrow then it is the government's job to borrow for them-and mail them checks to keep spending! The fed can take these HELOC's on their balance sheet! There is absolutely no problem here whatsoever. The market is up 500 points in 2 days, what is your problem Barry! Get with the program! Your one of those "save and invest" guys aren't you?