jk12

2 Comments

    • Why the E*Trade Shorts Have It Wrong [view article]
      Egg is exactly right. anything else is free upside to Citadel. already made more than their money back buying the MBS on the extreme cheap - reportedly has sold it for a profit already. the rest was just upside kicker, largely. Apr 25 12:02 PM
    • Why the E*Trade Shorts Have It Wrong [view article]
      The issue is not the business - it is the balance sheet. it may be the best business in the world, but it remains undercapitalized relative to the toxicity that is still on the balance sheet. that is the fear. any comment of etfc without a focus on the health of its assets is foolhardy. and the main issue was not CMBS it was residential mortgage backed securities. Apr 25 12:00 PM
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