Triad Guaranty Inc. (TGIC)
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- Fitch Increasingly Downgrades Non-Subprime [Housing Tracker] [view article]
- Mortgage Insurers' Troubles May Worsen [view article]
- Looking for Action? S&P 1500 Most Volatile Stocks [view article]
- Wall Street Breakfast: Must-Know News [view article]
- Wall Street Breakfast: Must-Know News [view article]
- Eight Notes on Insurance, Economics, and Value Investing [view article]
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- Fitch Increasingly Downgrades Non-Subprime [Housing Tracker]
- Mortgage Insurers' Troubles May Worsen
- Looking for Action? S&P 1500 Most Volatile Stocks
- Wall Street Breakfast: Must-Know News
- Looking For Some Action? Most Volatile Stocks
- Wall Street Breakfast: Must-Know News
- Stocks with the Largest Intraday Spreads
- S&P 1500 Volatility Plays
- Eight Notes on Insurance, Economics, and Value Investing
- Housing Dominates List of Most Volatile Stocks
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Fitch Increasingly Downgrades Non-Subprime [Housing Tracker] [view article]
I didn't know AmEx and Costco had a relationship. ReplyFitch Increasingly Downgrades Non-Subprime [Housing Tracker] [view article]
I just learned yesterday on CNBC that American Express is cutting back credit for its customers. Then, lo and behold, I get a letter from Am Ex saying they canceled my card despite a perfect credit rating and flawless payment history because I didn't renew my Costco membership. At least I'm not the only one! ReplyFitch Increasingly Downgrades Non-Subprime [Housing Tracker] [view article]
Fitch, Moody's, and S&P should all be put out of the ratings business for their complicity in rating junk debt as "AAA". After all, this was THE mechanism which put us in the financial crisis that we are in. Of course, with our lousy government, nothing at all was done. So, the US dollar keeps sinking and the government goes farther into debt as they bail out the Wall Streeters by exchanging tax-payer Treasuries for toxic waste debt. What a country (not). Replyborenstein
Mortgage Insurers' Troubles May Worsen [view article]
This is basically a useless research that would have had some value in mid 2007 ,with the market on the high.By 2006 data had shown that 20% of all the homes sold were financed by the subprime mortgages.At that point in time the pending housing market debacle was no longer a question but a reality.The impact on the institutions granting the mortgages was clear .Predicament of the mortage insurers was obvious.I have issued a warning about the potential debacle in early 2007.I do not recall FITCH ,MOODY nor S&P moving drastically to lower the rating of the mortgage insurers .Now ,that the Treasury and the FED have shown determination to prevent a major institutional failures because of the sequential and unpredictable economic impact,we are subjected to this type of research.The recent action by the FED and the Treasury (for good or the bad)significantly reduces the the implied statistical risks to the mortgaqe insurers.Let's focus on the recovery ahead and express some optimism.
It appears that the broadly defined financial sector is in good hands .Volatility is likely to continue. Reply
Looking for Action? S&P 1500 Most Volatile Stocks [view article]
In respect to AMBAC and MBIA, they need to keep and save all the cash possible including stop paying dividends, deleverage from all their risky liabilities specially those CDS, CDO's, RMBS-ABS of uncertain value, in order to remediate their book values, once their book values are sound they need to reinstate their triple A rating again to write new low risk public bond insurance business. They can also open or extend a line of credit to make sure to continue operations and dissipate doubts.They are already doing these, so it will take some time to deleverage their books from uncertainties and rewrite new business again. This coming back will be the best advertisement to recruit new clients.
Reply
Wall Street Breakfast: Must-Know News [view article]
To answer your question nukldrager - the bailout money ends up in the hands of the executives in the form of ever increasing compensation packages while the company continues to struggle in a downward spiral. Not one of the executives at any of the banking/investment houses has come forward and said that they'll take one for the team. They'll resign under pressure with a big, fat check and the common investor that plays by the rules will get kicked in the nuts just before the door hits him in the ass on his way out. Is this starting to sound like Wall Street yet??? I always got a kick out of "business ethics" in college. What an oxymoron. Call me jaded, but I've always believed that the deck was stacked from day one and that the only way you get rich on wall street is follow the dirty money...believe nothing you here and only half of what you see.On Jun 10 08:22 AM nukldrager wrote:
> Re Lehman warns of big loss, from the link;
>
> "...The use of debt, which helped fuel record profits when markets
> were booming but also led to excessive risk-taking, has come back
> to haunt them.
> As Lehman and other securities firms now curtail their use of borrowed
> cash, it will be much harder for them to generate the kind of profit
> growth investors had become accustomed to."
>
> As someone new to market concepts, and making money by investing,
> the whole process described here (unsecured cdos, etc.) sounds pretty
> fishy. I'm assuming some investors were able to keep profits from
> the borrowed money deals, and companies like Bear Stearns, and Lehman
> are left holding (what's left in) the bag. The fed's weakened the
> economy by diluting the money supply in order to save the system,
> and some of the players, at the expense of a great number of Americans
> who play by the rules. I guess my question is this; does the bailout
> money end up in the investors income? And/or who lent the money to
> fund these funky financial instruments?
>
> Reply
Wall Street Breakfast: Must-Know News [view article]
And the US dollar is stronger while our financial house of cards comes tumbling down. Is there a disconnect here? ReplyEli Hoffmann
Wall Street Breakfast: Must-Know News [view article]
Things were a bit tardy yesterday, and WSB never made it to its normal place on the homepage, making it hard to locate.Sorry about that. Reply
Schweitzer
Wall Street Breakfast: Must-Know News [view article]
oops!I see now you did get a stand in. But, I could not find it yesterday during the several times a accessed the site.
Just me I guess. Reply
Schweitzer
Wall Street Breakfast: Must-Know News [view article]
What was the big idea of taking a day off?Can't you get a "stand-in" to report?
We miss you Reply
Wall Street Breakfast: Must-Know News [view article]
Any other "good news" ? ReplyWall Street Breakfast: Must-Know News [view article]
By the way, I'm starting a co-dependancy group for people with issues around Eli Hoffmans Must-Know News lolReply
Wall Street Breakfast: Must-Know News [view article]
Re Lehman warns of big loss, from the link;"...The use of debt, which helped fuel record profits when markets were booming but also led to excessive risk-taking, has come back to haunt them.
As Lehman and other securities firms now curtail their use of borrowed cash, it will be much harder for them to generate the kind of profit growth investors had become accustomed to."
As someone new to market concepts, and making money by investing, the whole process described here (unsecured cdos, etc.) sounds pretty fishy. I'm assuming some investors were able to keep profits from the borrowed money deals, and companies like Bear Stearns, and Lehman are left holding (what's left in) the bag. The fed's weakened the economy by diluting the money supply in order to save the system, and some of the players, at the expense of a great number of Americans who play by the rules. I guess my question is this; does the bailout money end up in the investors income? And/or who lent the money to fund these funky financial instruments?
Reply
Eli Hoffmann
Wall Street Breakfast: Must-Know News [view article]
Hi User 154243 -- we actually covered that yesterday. Thanks.seekingalpha.com/artic... Reply
Schweitzer
Wall Street Breakfast: Must-Know News [view article]
By time anything is in Fortune, is it "news?" Reply