1worldcurrency

Lehman Brothers Take-over: Implications for Financials

"but since these assets will be held to maturity, ACAS will get their money back."

Wow. Unless they don't.

10 Financial Entities On the Brink

All the analysis you can stomach is in the links. This is an overview.

10 Financial Entities On the Brink

"Favorite" is clearly used in the odds-making and not personal sense.

Just one little question for the bulls. Where will the 10,000,000,000,000 the US owes come from? No, I did not add any zeros.

Most of our wealth is in our homes, no?

Korea ain't interested in buying Lehman, and JPM has swallowed enough poison.

Financials and Housing: The Outlook Remains Ugly

Ok there's one more econ 101 basic number being ignored: 9.6 trillion, trending up. That national debt is so big no one can grasp it, so we let it get bigger, and no, we don't "owe it to ourselves". What's another zero, coming soon when they bail out fat Fannie and Freddie.

That number represents wealth that must be transferred to places like China where they have been working and saving to feed our fat consumer. Much of our paper wealth is in our homes. We are spending huge amounts of our wealth in Iraq.
We must cut fat, either with a steady diet, slow starvation, or liposuction. Ice cream rebate checks just delay the inevitable.

Dinallo Comes Down on Monoline Bears

Plenty you believe some regulator will come in and stop AMBAC from paying a dividend? I'm still laughing.

Dinallo Comes Down on Monoline Bears

Big Brother will not allow this questioning of our institutions. Tom Brown why do never post any real analysis? How about some numbers to prove the market wrong about the monolines? How much capital do they have and how is it valued?