The Fed has torn up the rule book, take a look at the latest Security and Exchange Commission filing by Bear Stearns. It contains a short table listing the broker's holding of derivatives contracts as of November 30 2007.
Bear Stearns had total positions of $13.4 trillion. This is greater than the US national income, or equal to a quarter of world GDP - at least in "notional" terms. The contracts were described as "swaps", "swaptions", "caps", "collars" and "floors". This heady edifice of new-fangled instruments was built on an asset base of $80bn at best.
The same leverage can be found all over Wall Street.
Four-Digit Gold Sets a New World Order [View article]
Its hedging against the sinking dollar thats what drives oil, gold and all commodities and metals ever upward. Its beyond all fundamentals. I dont think its as insecure a market as what is translated into todays highly inflated prices. Wall Street will survive without Bear Stearns. The bubble will soon burst.
What Will It Take for Embedded 3G Laptops To Take Off? [View article]
Weve heard about WiMAX for years and its all talk. The 3G networks are here at least for people who live in Europe and even in some parts of the US eventhough the networks rolls out at a snails pace. 3G works and is fast sofar there is no WiMAX network. I dont understand why laptops are not made with 3G built in. Dell sells 3G laptops in Europe.
Wake up and smell the roses! The valuation needed to be vague, at least enough to snare unsuspecting customers in Asia and Europe.
What we just had was a great CDO swindle! Anyone want an equity tranche synthetic CDO of CDO? Now thats what a call an highly illiquid asset another word for worthless.
Wake up and smell the roses! The valuation needed to be vague, at least enough to snare unsuspecting customers in Asia and Europe.
What we just had was a great CDO swindle! Anyone want an equity tranche synthetic CDO of CDO? Now thats what a call an highly illiquid asset another word for worthless.
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Fed's rescue halted a derivatives Chernobyl
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The Fed has torn up the rule book, take a look at the latest Security and Exchange Commission filing by Bear Stearns. It contains a short table listing the broker's holding of derivatives contracts as of November 30 2007.
Bear Stearns had total positions of $13.4 trillion. This is greater than the US national income, or equal to a quarter of world GDP - at least in "notional" terms. The contracts were described as "swaps", "swaptions", "caps", "collars" and "floors". This heady edifice of new-fangled instruments was built on an asset base of $80bn at best.
The same leverage can be found all over Wall Street.
Should Oil Be Trading at $60 or $150? [View article]
Four-Digit Gold Sets a New World Order [View article]
SAUVE QUI PEUT!
hint: its french - look it up
Iranian Oil Bourse Starts Trading, Sans Dollar Contracts [View article]
What Will It Take for Embedded 3G Laptops To Take Off? [View article]
What Went Wrong in the CDO Market [View article]
What we just had was a great CDO swindle! Anyone want an equity tranche synthetic CDO of CDO? Now thats what a call an highly illiquid asset another word for worthless.
What Went Wrong in the CDO Market [View article]
What we just had was a great CDO swindle! Anyone want an equity tranche synthetic CDO of CDO? Now thats what a call an highly illiquid asset another word for worthless.