BDHPlayer

How Banks Fail at Foreclosure Auctions

As I recall, there was an article in the local paper about lower the minimum prices on the day of a sale. It's illiegal in Arizona to do what Citicorp did.

Here's a link to that article:

www.azcentral.com/ariz...

Making Capital Gains, Or Getting 12% Dividends with ING Cumulative Preferred Shares

I have a 4.5% 5 year arm with ING. Their margin on this business right now has to be hugh. The risk is how much the Fed increases interest rates over the next 2 years.

The Reverse-Convert Scam

If I recall, didn't Lehman Brothers issue these securities and the holders of these securities were up a creek without a paddle when Lehman went bankrupt.

Credit Default Swaps May Be Playing a Supporting Role in Chrysler Bankruptcy Filings

I don't have any sympathy for Chrysler or the unions. Secured lenders are exactly that . To get the short end of the stick because the adminstration decided that should be the case is wrong.

The bankruptcy process should protect the secured lenders and modify the union contracts to make them competitive with the contracts of domestic based non union auto manufacturers.

Why would anyone want to lend to Companies on a secured basis for the low interest rates that secured loans pay?

Bank and Broker Default Risk

What I find interesting about these numbers is that BCS and ING have lower CDS rices thatn JP Morgan. If you look at the preferred stocks of these companies, they are yielding in the area of 40% per year.

Which market is right?