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  • How High Leverage Has Brought Down the Whole Banking Industry [View article]
    Hi Thomas, here is the Bloomberg article about CDS exposure:

    www.bloomberg.com/apps...

    The article gets some of its info from the OCC report that pescayolas linked to.
    Jul 21 17:59 pm |Rating: 0 0 |Link to Comment
  • How High Leverage Has Brought Down the Whole Banking Industry [View article]
    Kinabalu, I also find it hard to believe that the recovery rate is about 50% at Lehman (LEH). For example, almost all of the $48 billion of CDOs underwritten by Merrill Lynch (MER) in 2007 are now in default or on the verge (according to BusinessWeek and other sources).
    Jul 20 09:08 am |Rating: 0 0 |Link to Comment
  • How High Leverage Has Brought Down the Whole Banking Industry [View article]
    Good piece, Thomas. Do you agree with an earlier Bloomberg article which implied that JP Morgan (JPM) has the greatest risk exposure ever to credit default swaps (CDS)?
    Jul 19 08:49 am |Rating: 0 0 |Link to Comment
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