Gaucho

Fund Manager Ackman Shorting Financial Security Assurance

we will see, I happen to think that the man is smarter than 99% of the Wallstreet Clowns. Just because he gored your ox don't go away md, just go away and stop Bitc-ing

The Coming Crash of 2008: A Result of Overleveraging

There are three stages of a recession
1 Denial
2 Acceptance
3 Capitulation

Several people in the above messages are still at stage1. I agree this has the potential to be a disaster. The real-estate market will fall another 30% wiping out trillions in perceived and real wealth. This bubble in real-estate is the largest in the history of the United States. The leveraging/derivatives size is many multiples of the real-estate and leverage many times over. This is disaster waiting to happen. When it collapses the US will no longer be the financial capital of the world. It will take at least 7-10 years for us to recover. This country will never be the same.

The Great Monoline Debate Goes to Washington

You said "Ackman and Sean Egan, who believe future claims will exceed the companies’ claims-paying resources--but they are in the minority." Well if that were true then the monolines would not need to borrow money at 20%. That is far below junk. If you are so certain that these monolines are in great shape then you should buy ali thoses bonds that are currently yielding 20%. What a steal or is that an equity trap.

Monoline Insurance Bailout: Where's the Justice in That?

What bank in its right mind will risk losing over 20 billion by investing in these dogs. This reminds me of thr dutch boy with his finger in the dike. Only problem is the credit swaps are 45 trillion. That is a lot of fingers