Trying to sort through the bondholder situation for WaMoo. If anyone spots an error or false assumption, please feel free to correct. I think it...
JPM said on the conference call that they had lots of time to look over everything. The rumors of a WaMu deal have been rampant for some time - I...
It would seem a whole lot of people are about to learn what the "subordinated" in "subordinated debt" really means. Ditto for "unsecured". If...
Early notes from the call. Taken on the fly, any errors are strictly my own. "...this builds a great franchise for us..." "...only...
That cannot be true. You can't wipe out debtholders without going through bankruptcy. Well, if you're the government you can do anything, but such...
I believe - technically - FDIC isn't taking anything over. JPM gets deposits and some assets - Fed takes the "bad assets" - JPM writes a check to...
Not going to happen. If GOP doesn't (mostly) support this, Dems will not pass it. Leadership in both parties is strictly in re-election mode, they...
The insurance premiums don't cover the risk. Therefore the insurance is a subsidy, because we all know FDIC insured deposits will be covered no...
Not marking down assets to market value is the path Japan took. Worked real well, I hear.
Then the one lesson everyone should take away from this mess is to never, ever over-leverage, so that you'll never be in the back pocket of "BIG...
It is when your taxes don't cover the cost of the service you're using.
If you're such a believer in free markets, why are you posting on the government subsidized internet and trading in a government subsidized...
Right. That's why the debt ceiling is being lowered and we're not calling on China and the Emirates to buy our debt. Here's an idea. Anybody...
It might well be. Keep in mind the next Treasury auction is on Monday. If there is no plan, no bailout, the auction will fail. And then what?
It already happened. It's been happening for years. Until people understand that a subsidy is nothing more than a slow-motion bailout, there...
Nothing will change until Main Street Americans accept their involvement and responsibility for this crisis. Pabst is absolutely right - the...
AAPL is one obit away from an instant 30% gap down. In the long term, this stock is dead.
The new regs were first proposed in 2003. Regardless, in both 2003 and 2005, both sides of Congress were controlled by the Republican party. With...
I doubt it would make any difference at this point. If you really want to make a statement, go to cash. Physical cash. Pull your money out of the...
It's not "hidden", it's not a "secret", it's just off the books. Everybody knows it's there, it's just not counted as part of the official debt...
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