Seeking Alpha

Market Sniper's  Instablog

Market Sniper
Send Message
Market Sniper is a full time market trader. He predominately trades broad market ETFs, stocks, futures and options. He is a former Series 3 and Series 7 licensed broker with Dean Witter and then EF Hutton. He does a mixture of day trading and swing trading with few long term positions with the... More
My company:
We Just Trade
My blog:
The Market Sniper
  • Who Is On The Other Side Of The Trade? 1 comment
    May 9, 2009 2:00 AM

    In the LONG litany of losers in the derivative melt-down and subsequent bailouts with taxpayers" money, I find it more than a little odd that no attention is being paid to who are the WINNERS in these "busted" trades. Who was on the otherside of the AIG losses was commented on only in passing. Perhaps it makes sense that Merrill Lynch was forced merged with B of A. Could it be that B of A had the largest postion vs. Merrill Lynch? Wash trades between them. Does not make sense to write a check to yourself. The talking heads in the media never address this issue and make it seem that the bailout money just "disappears" into some kind of black hole which is utter nonsense. Money going thru the front door of these losers is exiting the back door to the winners. Mostly on side bets to boot. At the center, Goldman Sacks, no doubt followed closely by Morgan Stanley and JP Morgan. Methinks some shadow trillionaires are being created. Too bad they will also be just stuck with paper in the end. Meanwhile, where is the outrage? The country is being pillaged, raped and looted.

Back To Market Sniper's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (1)
Track new comments
  • Plant the seeds
    , contributor
    Comments (227) | Send Message
     
    There is an international component to this especialy with Freddie & Fannie. There a lot of sovereign and governments that would have been very unhappy with a liquidation.
    1 Sep 2009, 11:57 AM Reply Like
Full index of posts »
Latest Followers

StockTalks

  • Looks like it, moron. Measured by SPY, since 7/13, everyday has had a higher low. Longest streak I can remember. Asia all green.
    Jul 27, 2009
  • Between the #'s...buddy. Of any thing you could have put your money in. Bullets did the absolute best. LOL
    Jul 17, 2009
  • From previous.. JPMorgan is expected to report strong second-quarter profits as well this week, in large part based on trading results.
    Jul 12, 2009
More »

Latest Comments


Most Commented
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.