ACA Capital Holdings, Inc. (ACAH.PK)
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ACAH.PK Forum Topics
- All Comments on ACAH.PK
- General Discussion on ACAH.PK
- Monolines' All-Important Debt Rating Threatened [view article]
- Monoline Insurance Bailout: Where's the Justice in That? [view article]
- Credit Default Swaps: The Clock is Ticking [view article]
- ACA Financial: Closure Would Lead to Billions in Writedowns [view article]
- Housing Market Tracker - Subprime Review [view article]
- Best and Worst Performing U.S. Stocks YTD [view article]
- ACA Capital Credit Rating Downgrade Could Spark New Round of Massive Writedowns [view article]
- Three Reasons Why I'm Going Short and Buying Puts [view article]
- Accountants Failing Investors With 'Fair Value' Accounting [view article]
loading ...Recent ACAH.PK Articles
- Monolines' All-Important Debt Rating Threatened
- Monoline Insurance Bailout: Where's the Justice in That?
- ACA Financial: Closure Would Lead to Billions in Writedowns
- Credit Default Swaps: The Clock is Ticking
- ACA Reminds the Markets of the Importance of Counterparty Risk
- Housing Market Tracker - Subprime Review
- Best and Worst Performing U.S. Stocks YTD
- ACA Capital Credit Rating Downgrade Could Spark New Round of Massive Writedowns
- ACA Financial Guaranty: Look What Happens When the "Hedge" Turns Illusory
- Will ACA Capital Report A Complete Breach?
- Full List of Articles »
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Monolines' All-Important Debt Rating Threatened [view article]
Well we also have the fact that new writing business has fallen off a cliff. Huge major clients such as New York, California and New Jersey have all decided that the fat fees charged by the monolines simply aren't worth it and these enormous customers are simply selling their new issues directly to market without using the insurers.All the wild rosy scenario projections for ABK and MBIA that they are touting are heavily based on revenue streams from new writings, but in actuality they have fallen off a cliff.
Stay tuned.
Not to mention the Tender Option market!
Crash of 2008 Reply
Monolines' All-Important Debt Rating Threatened [view article]
goldman is talking its book, oh wait, the analysts and the trading desk are of course separated by a chinese wall, so that thought is absolutely off the markthe ratings agencies (s&P) wwere very calm since they have incorporated even worse losses in their bstress test scenarios. but gee, gs and dinallo are probably in a better position to assess AAA requirements than the ratings agencies themselves. go figure
mbi and abk have been declining ovcer the past 4 months precisely in anticpation of these losses so what#s the big news here?
sure, perception and fear are running wild what is understandable but still keeps people from properly assessing the situation Reply
Editors
General Discussion on ACAH.PK
Is this a buy or a sell? ReplyMonoline Insurance Bailout: Where's the Justice in That? [view article]
Very well said. Unfortunately, optics have become way more important than logic in recent years, so you know a government bailout is going to happen. ReplyMonoline Insurance Bailout: Where's the Justice in That? [view article]
What bank in its right mind will risk losing over 20 billion by investing in these dogs. This reminds me of thr dutch boy with his finger in the dike. Only problem is the credit swaps are 45 trillion. That is a lot of fingers Replyrver
Credit Default Swaps: The Clock is Ticking [view article]
The credit default swaps of a single large bank in Philadelphia nearly crashed the financial system a few years ago. These puppies trade in ledger books, not organized exchanges so they must be cleared one by one. Synthetic versions abound so the orginal owner doesn't know who will pay now that it has been bundled with others and sold. Hedge funds like them because of the large up front premium and future or possibly never any payout. Replyrver
ACA Financial: Closure Would Lead to Billions in Writedowns [view article]
ACA is dead meat. Who in their right mind would buy insurance from this bankrupt? Once the insured toxic waste files its claims the insurers will shut their doors and phones. Bear Sterns showed them the way with their offshore hedge funds. ReplyHousing Market Tracker - Subprime Review [view article]
One of the most basic rules is that a borrower should have the ability to repay.” – Sheila Bair, chairman of the Federal Deposit Insurance Corporation. (NY Times, Dec. 18th) This is a real bonehead statement by Bair. "Understanding&qu... if a borrower, currently, has the ability to repay is important, but, actually having the ability, down the line, no one knows. Skosh ReplyHousing Market Tracker - Subprime Review [view article]
Then, when you put into the equation that most stock indexes around the world are below or only slightly above their 200 day moving average, it really gets scarry. No wonder everyone is pretending that we are not already in a recession. ReplyBest and Worst Performing U.S. Stocks YTD [view article]
The FSLR stock was hyped based on the WRONG perception that it can literally grow unlimited. If that is the case I would have bought it at current price level. But every one ignored on critical and fatal issue, that is the critical FSLR's tellurium supply.I believe that not only FSLR's growth is unsustainable, it could actually be forced to go OUT OF BUSINESS, within two years, or it could happen within 6 months if a tellurium rush results. Read here:
www.seekingalpha.com/a...
The price target of FSLR is below $20 within 18 to 24 months. No joking!
Reply
ACA Capital Credit Rating Downgrade Could Spark New Round of Massive Writedowns [view article]
How do you get from $60 billion in CDO's to "nine bond insurers....are responsible for $2.4 billion of debt." ReplyEnright
Three Reasons Why I'm Going Short and Buying Puts [view article]
120640: Nov. 15 is the beginning of the first period in which institutions will be required to use this rule. From the FASB website: "This Statement [SFAS157] is effective for financial statements issued for fiscal years beginning after November 15, 2007, and interim periods within those fiscal years." ReplyGanucheau
Three Reasons Why I'm Going Short and Buying Puts [view article]
Thanks for the links to the articles. They were great reads. Just one question about the second one though, why is November 15th important with regard to the SFAS157 regulation? I thought the disclosure of level 3 assets was required by the end of the first quarter of 2008. Thanks.The Bear's Lair- Level 3 Decimation
"From November 15, we will have a new tool for figuring out how much toxic waste is in investment banks’ balance sheets. The new accounting rule SFAS157 requires banks to divide their tradeable assets into three “levels” according to how easy it is to get a market price for them. Level 1 assets have quoted prices in active markets. At the other extreme Level 3 assets have only unobservable inputs to measure value and are thus valued by reference to the banks’ own models." Reply
Ganucheau
Three Reasons Why I'm Going Short and Buying Puts [view article]
Thanks for the links to the articles. They were great reads. Just one question about the second one though, why is November 15th important with regard to the SFAS157 regulation? I thought the disclosure of level 3 assets was required by the end of the first quarter of 2008. Thanks.The Bear's Lair- Level 3 Decimation
"From November 15, we will have a new tool for figuring out how much toxic waste is in investment banks’ balance sheets. The new accounting rule SFAS157 requires banks to divide their tradeable assets into three “levels” according to how easy it is to get a market price for them. Level 1 assets have quoted prices in active markets. At the other extreme Level 3 assets have only unobservable inputs to measure value and are thus valued by reference to the banks’ own models." Reply
Three Reasons Why I'm Going Short and Buying Puts [view article]
RUN! The sky is falling, the sky is falling! Reply