2 Comments

    • Thu Jun 19th 10:18 AM | Rating: 0 0
      Commented on:
      Wachovia Still Does Not Understand Pay Option ARM Risk
      Their Pick-a-Pay portfolio is ridiculous. From 120b, the company expects 9-10% to be worthless. With home prices expected to further decline, that number will be higher and they will have a tough time. They have to raise more capital or will be bought by other big bank at discount.
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    • Thu May 22nd 17:03 PM | Rating: 0 0
      Commented on:
      Moody's Brings In the Lawyers
      If these European CPDOs were incorrectly rated AAA by moodys, then S&P and Fitch should have a different rating which did not happen....my guess this whole computer thing is to delay legal proceeding for improper ratings...
      View article »
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