rf_lab

Geithner's Plan Fits Perfectly with New Mark to Market

"I think these estimates are too conservative. With Geithner’s plan these assets will return to much higher levels...even approaching a full 100 cents on the dollar as housing stabilizes and investors return to the space."

Some of those assets were never worth 100%. Remember how part of the problem is repackaging and regrading of the substandard tranches to get a better rating? Pick up this month's Esquire. There's a good layman's article about how the math was abused in the regrading.

Trash cannot recover value it never had.

Citi's in for More Pain

This site will never be credible. Some authors don't have bios after six months. Other authors can't even write at the 6th grade level.

"I was still sitting their with a $2,200 loss." (WTF? In this case it's "there" not "their".)

"After that, I learned that any company can go bankrupt. There is no magic carpet to safe me from the abyss." ( I have to assume he meant "save" here.)

SA is the pulpit of the C student.