Charlie Stromeyer Jr

A Very Cheap Shot on the WSJ Editorial Page

I should know, it sounds to me like a cheap shot because Jonathan Gray is recently deceased which means we cannot get his current views on the situation. And I agree with runner.

A Very Cheap Shot on the WSJ Editorial Page

Tom, you are probably correct, but I never read the WSJ editorials since they are a waste of time.

How High Leverage Has Brought Down the Whole Banking Industry

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.

How High Leverage Has Brought Down the Whole Banking Industry

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).

How High Leverage Has Brought Down the Whole Banking Industry

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)?