tag:blogger.com,1999:blog-1258979445050968882.post5172898464560399116..comments2023-11-26T06:55:42.401-05:00Comments on [ The Financial Ninja ]: Fannie and Freddie: CDSs, $1.47 Trillion TriggeredBen Bittrolffhttp://www.blogger.com/profile/12465978905157927856noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-1258979445050968882.post-54977784867140769752010-08-25T01:11:40.193-04:002010-08-25T01:11:40.193-04:00If you have been having no problems UGG Classic Sh...If you have been having no problems <a href="http://www.cheap-uggs-boots.com/ugg-classic-short/" rel="nofollow"><strong>UGG Classic Short</strong></a> in running or racing, it would be hard to recommend a change of shoe. It is difficult, if not impossible to improve <a href="http://www.cheap-uggs-boots.com/ugg-classic-short/" rel="nofollow"><strong>Classic Short Boots</strong></a> upon a situation in which all is going great. I would advise getting a few pairs of what seem to be your <a href="http://www.cheap-uggs-boots.com/ugg-classic-short/" rel="nofollow"><strong>Classic Short ugg boots</strong></a> favorite shoes before the manufacturer changes the shoe. Historically unannounced changes are often made by manufacturers. This can vary from a subtle change in the cushioning around the heel to a major <a href="http://www.cheap-uggs-boots.com/ugg-classic-short/" rel="nofollow"><strong>Classic Short uggs</strong></a> structural midsole change. Manufacturers have discontinued a model of shoe, only to resume production a few years later <a href="http://www.cheap-uggs-boots.com/ugg-classic-short/" rel="nofollow"><strong>ugg 5825</strong></a> with a line of shoes boasting the same name, but with completely different characteristics.Unknownhttps://www.blogger.com/profile/04818189792937002419noreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-34764045942332892412008-09-21T12:45:00.000-04:002008-09-21T12:45:00.000-04:00good postgood postAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-48140834039251648372008-09-09T09:16:00.000-04:002008-09-09T09:16:00.000-04:00I came to the realization yesterday that the CDS m...I came to the realization yesterday that the CDS market is what drives the bailouts. The Bear Stearns action was taken to avoid cascading effects of counterparty failure. Had a TRUE credit event occurred with F+F, you can bet that the $1.47T would have completely sunk the global financial system.<BR/><BR/>Can anyone find the total notional for Washington Mutual CDS? I know they are part of some of the indices that Markit tracks/produces. (What I'm saying is that WaMu will be the next to receive a bailout).<BR/><BR/>-Mike JAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-35529315885893295512008-09-09T01:50:00.000-04:002008-09-09T01:50:00.000-04:00$1 or 1% off par is 14B, not $0.01.$1 or 1% off par is 14B, not $0.01.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-34951491107342984082008-09-08T21:54:00.000-04:002008-09-08T21:54:00.000-04:00well...so much for SKF.Thanks for rewriting Econ 1...well...so much for SKF.<BR/><BR/>Thanks for rewriting Econ 101 Ben/Paul - <BR/><BR/>I wonder how much $ their friends made knowing they would reverse normal economic cycles.<BR/><BR/>Bastages!!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-91904258463280860702008-09-08T20:30:00.000-04:002008-09-08T20:30:00.000-04:00Recovery close to 100% is still going to be intere...Recovery close to 100% is still going to be interesting on $1.4 trillion and change of notional...this would seem to imply that for each $0.01 off of par $14 billion changes hands...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-28302189286466516142008-09-08T17:24:00.000-04:002008-09-08T17:24:00.000-04:00Harry Markowitz in an interview years ago with the...Harry Markowitz in an interview years ago with the American Financial Association remarked that there was another 1929 out there somewhere. Is it closer than we think?DaveKhttps://www.blogger.com/profile/17003529168083295762noreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-7917343947458061562008-09-08T17:14:00.000-04:002008-09-08T17:14:00.000-04:00Ben,Having been comforted by the words of CDs trad...Ben,<BR/><BR/>Having been comforted by the words of CDs trader, would you say you are a bit less bearish on financials now?<BR/><BR/>Thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-27338785749928074432008-09-08T16:09:00.000-04:002008-09-08T16:09:00.000-04:00What the Fed did was nothing short of criminal. Pa...What the Fed did was nothing short of criminal. Paulson and Bernanke should be ashamed of their foolish and reckless behavior! As a matter of fact, I'd go so far as to say they should both be arrested!<BR/><BR/>It's a sad day for taxpayers(and democracy)...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-44994980421006141862008-09-08T14:49:00.000-04:002008-09-08T14:49:00.000-04:00I predict no money will be paid out, otherwise the...I predict no money will be paid out, otherwise these bond insurers will have to be bailed out by the taxpayer also.Doughttps://www.blogger.com/profile/09301688825980895044noreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-40726674201285522862008-09-08T12:25:00.000-04:002008-09-08T12:25:00.000-04:00Any predictions Ninja?Any predictions Ninja?Lilipop!https://www.blogger.com/profile/04406727006324966585noreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-66798561280736411232008-09-08T11:12:00.000-04:002008-09-08T11:12:00.000-04:00Welcome to the Brave New World of Neoconism! Put a...Welcome to the Brave New World of Neoconism! <BR/><BR/>Put a little bit of communism, a little bit of fascism, a little bit of capitalism and a touch of Orwellian '1984' and HELLUVA LOT plain old GREED into the mix!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-70622624258313910562008-09-08T10:33:00.000-04:002008-09-08T10:33:00.000-04:00Could be that the credit event just fizzles out si...Could be that the credit event just fizzles out since the bonds should trade at par now that they're guaranteed...<BR/><BR/>"The actual money exchanged may be limited, though, according to analysts at CreditSights Inc. Buyers of the contracts are paid face value in exchange for the underlying securities or the cash equivalent.<BR/><BR/>"If bonds rally and trade close to par, recovery could be close to 100 percent, with protection sellers having little to pay out despite a technical default,'' analysts Richard Hofmann and Adam Steer wrote in a note to clients."Ben Bittrolffhttps://www.blogger.com/profile/12465978905157927856noreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-11638214329528690212008-09-08T10:15:00.000-04:002008-09-08T10:15:00.000-04:00I have a feeling the "credit event" may turn into ...I have a feeling the "credit event" may turn into a "crater event" after the conference call is concluded.<BR/><BR/>-Mike "Pissed Off That Treasury Ruined My Beautiful BAC Short" JAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1258979445050968882.post-75396869549286183152008-09-08T10:04:00.000-04:002008-09-08T10:04:00.000-04:00what's another $500 billion or so. add it to my ta...what's another $500 billion or so. add it to my tab...Anonymousnoreply@blogger.com