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How Banks Hedge Counterparty Risk

Very helpful article, but the only explanation I need is that today just before the bail out was passed, Barry Ritholtz went Bullish, which speaks volumes to the contrarians in the audience. Come to think of it I have not seen an article by the former permabear Ritholtz on SA recently. The following is a link to the video clip of Barry Ritholtz on CNBC Friday October 3, '08 at 1PM

www.cnbc.com/id/158402...

The Blue Chip Cycle

I posted this elsewhere but thought I would put here as well

A one hour interivew of Warren Buffett by Charlie Rose - October 1, 2008. (The bail out will make money if you buy at market)

www.charlierose.com/gu...

If the above link does not work try this one

video.google.com/googl...

Is the $700 Billion Really for Bailing Out the Fed?

The PPT could well employ reverse psychology Friday - a thou on the Dow (down that is) by noon might motivate quick passage of the bail out -- and present a golden trading opportunity.

Buffett Enters the Fray

Hank: So I'll pencil you in for 5 Bill??
Warren: Oh, OK, OK.
Hank: For these terms, you know what this means right?
Warren: I have to do CNBC.
Hank: You bet. And Bloomberg, and CNN, and Oprah, and anyone else who will listen.....
______________________...
Likely a pretty close transcript of the call to WB -- (what's interesting is that on FastMoney last night as the news broke they at the very same time plugged the CNBC Buffett interview this morning - how could they have known?)

The hearings today made great use of the Buffett news and I must say the tone was far less antagonistic than yesterday.

And the CNBC commentary on the bail out is even more objective than MSBC's political reporting .

But here's my question: When the formal word goes out bail out is done - How many points on the Dow? How long will that last before the current lows are tested?

Buffett Enters the Fray

Deja Vu -

Feb 12, 2008 Markets Spike higher on Buffetts Offer

This morning (Feb 12) on CNBC's Squawk Box, Warren Buffett publicly revealed for the first time that he has offered to reinsure $800 billion in municipal bonds now covered by the troubled insurers MBIA, Ambac and FGIC.

www.cnbc.com/id/231261.../

Irate Icahn - Fast Money Recap (9/19/08)

I actually don't mind Fast Money and Finerman's okay too - It was not the ideal venue for an Icahn interview but his message was loud and clear - the majority of executive suties are populated by morons who are adept at politics and inept at most everything else -- It's no wonder he's reviled by so many boards - he sees them for what they are and exposes them. I thought his best line was instead of EBITDA to measure a company he uses EBITDAT with the T standing for Theft.

I also never knew he had his own blog

www.icahnreport.com/

Prepare to Sell Monday - Cramer's Mad Money (9/19/08)

Cramer also appeared on NBC nightly news Friday explaining to the viewing public and an aghast Brian Williams how we narrowly avoided "Depression the Sequel". Now he's saying sell sell sell while pumping the likes of THS and RAH. Wasn't THS the company he referred to as an investment bank disguised as a food company? Shouldn't his logic also apply to COTT the world's largest private label company (beverages) that happens to be down almost 90% in the past 12 months.

Goldman: Total Leveraged Credit Losses = $1.2 Trillion

Some questions if GS is correct and there is still more than 80% (almost $1trn) to be written off:

Has the pain and trauma from the write-offs to date been proportional to the size of those write-offs, exaggerated in anticipation of what is to come or diminished due to the administering of fiscal and monetary anesthetics / treatment?

Will the pain and infection from future write-offs be similar to what has been experienced so far or will it be cumulative and increasing in intensity?

Will there be sufficient quantity and type of anesthetic and treatment options to deal with the additional $1trn of write-offs?

What side effects might be expected? Are the anesthetics addictive? What is the prognosis?