JudeJin

CDS Industry: Zero Sum Game or Ponzi Scheme?

although the transaction fees and expenses may not be as high as 1% of the notional, i do agree with the author that it is not a zero sum game. traders and traders' firms are taking money out of this ponzi scheme just like Madoff's.

this is a casino that dwarfs vegas.

Why I Bought AIG Last Week

the AIG loan is finalized and annouced. the terms are horrible. aig has to pay 8.5% per anum on undrawn credit!

this is just forcing AIG to sell its assets very quickly otherwise AIG will bleed to death very quickly!

how the US govt is raping one of its best companies is just beyond comprehension!

Why I Bought AIG Last Week

AIG looks like a better buy than the other financial stocks:

if ben and paulson cared the same about AIG as they cared about morgan and goldman, they could have prevented short sellers from pushing AIG below 10 and could have prevented AIG from being downgraded.

they also could have given AIG just a bridge loan without requesting any equity stake and at the same time threatening the public with this false AIG's "takover".

AIG was beaten up by the shorts as much as it was robbed and used by paulson to coerce the public opinion.

this is so obvious and blatantly wrong. shareholders and many parties with vested interest in AIG are going to correct this atrocity!

All Shoes May Drop for the Banks

pure wishful thinking. it ain't gonna happen...
US is toast!