Pj568

Big Debt and Big Returns Could Be Spurring This Rally

It will be difficult for any financial services company to return to prior levels just due to the change in basic fundamentals underway. Several have had to: issue additional stock, are decreasing their own leverage ratio's, decreasing leverage of their customers and eliminated dividends. That's a big load to overcome with their history of settling for ROA's of less than a percent.

Don't Blame Mark-to-Market for This Crisis

MTM is part of what the hedge fund staffs have done for years in ascertaining company value. Now that MTM numbers are available to the common investor as part of company reporting, why do away with our free access?

Why AIG Was in the CDS Business

It seems like Paulson & Co and Goldman were two of the earlier firms to recognize and act on the problems in the market by becoming major CDS buyers either in 06 or early 07. Anyone know when AIG recognized their problem and how they attempted to mitigate their loss.