Preview from Europe: Stocks Hold Up While Waiting on Obamulus [View article]
Clearly, the range of earnings estimates reflect the discretionary aspects of bank accounting that have always existed. These ranges likely rest on the analysts' guess of when the bank in question will meld any portion of the cards in their hand.
Barclays Will Not Pick Up Lehman ETNs [View article]
The speculation repeated earlier here and elsewhere of any Barclays relief to creditors (including ETN investors) other than that attendant to the specific structures assumed was ridiculous on the face of it. The notion that any risk to the reputation of ETN's could be mitigated by any Barclays 'noblesse oblige' is ludicrous.
Nightmares on ETN Street: When Issuers Go Bust [View article]
The only reason (dubious at that) for an ETN is if it gives you desired exposure to a sector not otherwise available solely through the equity risk, or a less desirable synthetic scheme (which involves a more remote counterparty risk).
Say It Ain't So: Barclays to Allow Default of Lehman ETNs? [View article]
Couldn't dissent more strongly with the premise of this article. Earlier post had it right. The ETN structure is clear in the prospecti and sufficient information was available all over the web. In fact, I view this article as essentially feckless. Also, disagree with absolute banning of the instrument. What next, ban water as some may drown?
Preview from Europe: Stocks Hold Up While Waiting on Obamulus [View article]
Barclays Will Not Pick Up Lehman ETNs [View article]
Nightmares on ETN Street: When Issuers Go Bust [View article]
Say It Ain't So: Barclays to Allow Default of Lehman ETNs? [View article]