BDHPlayer

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?

Wells Fargo in the Lead for Wachovia; Is Bailout Really Necessary?

Are you sure that Wachovia has no debt. It appears that Citicorp assumed the debt of the Bank, not the holding company.

There certainly appears that there is value at the holding company. Only question is how much of that is for Wachovia 's common shareholders.