I'm thinking that in order to prevent this financial massacre going forward there must be capital and collateral ratio requirements that CDS counterparties must follow to make sure they can honor existing swap obligations if their portfolio holdings are written down to distressed levels. Maybe there were ratio requirements in place, but obviously they did not factor in credit disaster risk and look what happened. I wrote a post on how we could prevent the next llliquid cds crisis, and would like to hear more about how CDS transactions were structured during the past few years......d.volatilit... www.distressedvolatili...
Fear and Greed: Premise for Capitulation and Overreaction [View article]
"Einhorn at Greenlight and others at similar firms colluded in spreading rumors, lies and innuendo. This will be borne out by SEC investigations that will result in many of these liars going straight to the federal pen."
Wow, first off this guy has youtube videos making presentations to the public on why he's shorting stocks. I'm thinking the CEO's, CFO's Analysts and Assistant Analysts, Underwriting Staff at these banks should've applied more risk management in their models. These banks levered bets backed were all backed by a house of cards and illiquid insurance (swaps) backed by every other bank that was doing the same thing! It was a mess from the start, these public banks wouldn'tve done this if the owners/managers were playing with their own money don't you think.. I'm thinking hedge funds will just take over the role, and get big, merge and go public and the cycle will just happen again in 20 years. ???
Goldman Sachs Principal Transactions Update: 741 Million Shares [View article]
Goldman Sachs Principal Transactions Update: 741 Million Shares [View article]
On Jun 05 12:10 PM mdmrjsds wrote:
> On Jun 05 11:22 AM carey_jim wrote:
How Banks Hedge Counterparty Risk [View article]
Fear and Greed: Premise for Capitulation and Overreaction [View article]
Fear and Greed: Premise for Capitulation and Overreaction [View article]
Wow, first off this guy has youtube videos making presentations to the public on why he's shorting stocks. I'm thinking the CEO's, CFO's Analysts and Assistant Analysts, Underwriting Staff at these banks should've applied more risk management in their models. These banks levered bets backed were all backed by a house of cards and illiquid insurance (swaps) backed by every other bank that was doing the same thing! It was a mess from the start, these public banks wouldn'tve done this if the owners/managers were playing with their own money don't you think.. I'm thinking hedge funds will just take over the role, and get big, merge and go public and the cycle will just happen again in 20 years. ???
Wall Street, R.I.P. Now What? [View article]
FDIC Won't Run Out of Money, But WaMu May Be Toast [View article]
Prepare to Sell Monday - Cramer's Mad Money (9/19/08) [View article]