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THMR.PK
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Comments (11)
JPM, Citadel Tag Teaming Thornburg Mortgage?
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my previous comments are about carlyle group as well as thornburg...
Mar 07 20:13 pm
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JPM, Citadel Tag Teaming Thornburg Mortgage?
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this is comical reading all the whining longs who have lost their money...
you guys are fools to touch any of these toxic companies...
do you not understand what they were doing...
in a nutshell, with less than 1 billion in equity, they were borrowing between 20-30 billion and buying mortgage backed securities...(mbs)
if the MBS fall in value just 1 billion then all their equity IS WIPED OUT...
GONE...POOF
this is happening all over the street...
these leveraged idiots were trying to pick up nickels in front of a bulldozer and like everything else in its way, they got scooped up and dumped...
please all you bargain hunting fools who troll these boards, stop buying anything related to financials...
Mar 07 20:11 pm
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JPM, Citadel Tag Teaming Thornburg Mortgage? [View article]
JPM, Citadel Tag Teaming Thornburg Mortgage? [View article]
you guys are fools to touch any of these toxic companies...
do you not understand what they were doing...
in a nutshell, with less than 1 billion in equity, they were borrowing between 20-30 billion and buying mortgage backed securities...(mbs)
if the MBS fall in value just 1 billion then all their equity IS WIPED OUT...
GONE...POOF
this is happening all over the street...
these leveraged idiots were trying to pick up nickels in front of a bulldozer and like everything else in its way, they got scooped up and dumped...
please all you bargain hunting fools who troll these boards, stop buying anything related to financials...