John Hempton_'s Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/196829/comments http://seekingalpha.com/article/78111-royal-bank-of-scotland-ceo-deathwatch?source=feed#comment-206467 206467 But if you believe even for one second that the company has fully recognised the losses in its vast balance sheet then you are deranged.
It is true that even NET of the minority interests in ABN Amro the bank remains the largest in the world. That is interesting.]]> Tue, 15 Jul 2008 20:04:25 -0400 But if you believe even for one second that the company has fully recognised the losses in its vast balance sheet then you are deranged.
It is true that even NET of the minority interests in ABN Amro the bank remains the largest in the world. That is interesting.]]> http://seekingalpha.com/article/84517-mbia-ambac-and-gics-the-other-view?source=feed#comment-203431 203431
A financial that loses the faith of the markets is usually dead. Witness Indy Mac. What happens there is that their funding disappears.

Ambac and MBIA are NOT FUNDED MODELS. Its a trivial point - but they have issued guarantees. If the market loses faith - so what. Put them in runoff.

If it turns out well then all is well.

But with Indy Mac the market lost faith and the government (aka FDIC) stepped in.

Crocodilian misses point. These do not require faith of the market. If anything faith of the market is a BAD THING because they can buy back some CDS issued at a discount...

J]]> Fri, 11 Jul 2008 20:26:13 -0400
A financial that loses the faith of the markets is usually dead. Witness Indy Mac. What happens there is that their funding disappears.

Ambac and MBIA are NOT FUNDED MODELS. Its a trivial point - but they have issued guarantees. If the market loses faith - so what. Put them in runoff.

If it turns out well then all is well.

But with Indy Mac the market lost faith and the government (aka FDIC) stepped in.

Crocodilian misses point. These do not require faith of the market. If anything faith of the market is a BAD THING because they can buy back some CDS issued at a discount...

J]]> http://seekingalpha.com/article/83066-fifth-third-bank-drink-deeply-of-the-poison?source=feed#comment-198390 198390
John]]> Fri, 04 Jul 2008 04:25:07 -0400
John]]> http://seekingalpha.com/article/78111-royal-bank-of-scotland-ceo-deathwatch?source=feed#comment-170917 170917
John]]> Wed, 21 May 2008 07:42:04 -0400
John]]>