Serge Birbrair

Credit Bust: Avoid Being the Little Guy

Avoid being a "little guy"? Being a medium size guy is not fun anymore either:
arsvictim.com

When big guys sneeze, mid size guys getting cold
arsCLASSaction.com

The Fed: Counterparty of Last Resort

How can the banking problems be over with this $330 billions problem out there????
ARSclassAction.com

The investors locked in those now illiquid securities sold as "cash equivalents" do not take it lightly and beat every drum in their disposal and I see taxpayers bail out investment banks one more time and at much bigger clip.

Financials Likely in Dead Cat Bounce, But Fed's Now a Wildcard

Sorry, my bad, $330 BILLIONS only.

How many Bear Stearns those $330 BILLIONS buy even at the last month prices?

Financials Likely in Dead Cat Bounce, But Fed's Now a Wildcard

There is another financial broohahah is brewing
the collapsed Auction Rates Securities market which locked
$330,000,000,000,000 in now absolutely illiquid securities.

I guestimate that people who invested in them did not put the last cent into them and I use conservative 1/3 of their investment assets, which means -
those investors control over 1 TRILLION dollars worth of investments and unless the matter is resolved soon,
the steamy investors, me included, will move our portfolios from
UBS, Merrill, Wachovia, Banc of America and put them with institutions who didn't soil themselves with those instruments.

The one trillion dollars Exodus will be a one heck of a show to see.

Here is the sccop and the debth of the problem:

nothingcontroversial.c...