Credit Bubble: Who Lent to the Hedge Funds? [View article]
This is a scheme that would make Mr. Ponzi proud.With every transaction generating fees,the bonuses were huge for a lot of the players and life was good.
But it didn't end well,unlike most fairytales ......
CDS Industry: Zero Sum Game or Ponzi Scheme? [View article]
Aren't premiums paid to buy protection like any insurance?The problem lies in the reserves for losses,which apparently are non-existent with many co.s writing swaps.When losses or marks come piling in,the problems are exposed and spread to other counterparties.
The author is assuming that the 1% comes out of the gross...It's premium expense,like your Blue Cross....I guess....
I used to get a good trading idea occasionally from the Fast Money people,but lately they seem to be pumping the same stuff every day...Nagerian coal,the bald guy Walmart and Finerman continues to be short BBT and she mentions it over and over...she is getting killed on that one!
Market Panic: 7 Notes and Opportunities [View article]
I had to read #4 several times,plus I went to the link provided...Not surprised,saw it coming a few days ago.This backdoor scheme is the first of many and may result in constitutional questions,indeed!
If you start adding up what the fed has funded just in the last couple of weeks,its startling...one example under the radar..Paid back JPM 140bl supplied to Lehman bankruptcy.
Just a drop in the bucket,or a raindrop in the ocean...
My card companies are working me hard,with offers coming everyday thru Email....and I'm already their customer.COF is also offering high yield savings schemes..
AIG CDS Unwind: From a Waterfall to a Trickle [View article]
BTW,Obama said this morning that TARP paybacks would be re-invested into smaller banks.Nobody is talking about that..
A Summary of Q1 Bank Earnings: World, You Just Got Hustled [View article]
As always,timing is the key...intervention will continue unabated for a long while yet...but trading ops are ripe for the taking...just be nimble...
Credit Bubble: Who Lent to the Hedge Funds? [View article]
But it didn't end well,unlike most fairytales ......
Now Playing: Zombie Condos in Manhattan [View article]
8 Reasons the Obama Administration Will Not Solve This Crisis by the End of 2009 [View article]
Losing Trades: When to Double Down [View article]
TBT shouldn't have enough whip to take you out,unless your stops are very tight...
CDS Industry: Zero Sum Game or Ponzi Scheme? [View article]
The author is assuming that the 1% comes out of the gross...It's premium expense,like your Blue Cross....I guess....
Wall Street Breakfast: Must-Know News [View article]
Prepare to Sell Monday - Cramer's Mad Money (9/19/08) [View article]
Market Panic: 7 Notes and Opportunities [View article]
If you start adding up what the fed has funded just in the last couple of weeks,its startling...one example under the radar..Paid back JPM 140bl supplied to Lehman bankruptcy.
Just a drop in the bucket,or a raindrop in the ocean...
Replacing AIG in the Dow: Google? Cisco? Apple? [View article]
AIG: America's Insurance Giant [View article]
Credit Card Clampdown [View article]
The Mess on Wall Street: $4 Trillion Down the Drain [View article]
The Mess on Wall Street: $4 Trillion Down the Drain [View article]