tag:blogger.com,1999:blog-1207581886255094115.post7633043090011071985..comments2024-02-26T05:51:17.859-05:00Comments on Economic Disconnect: Bad Debt Fears - Only Now At the End Do You Understand?EconomicDisconnecthttp://www.blogger.com/profile/02802078645713106743noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-1207581886255094115.post-32687892914939642822011-01-02T08:22:53.341-05:002011-01-02T08:22:53.341-05:00Il semble que vous soyez un expert dans ce domaine...Il semble que vous soyez un expert dans ce domaine, vos remarques sont tres interessantes, merci.<br /><br />- DanielAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-80151752419101681552009-12-31T18:32:36.612-05:002009-12-31T18:32:36.612-05:00Good brief and this mail helped me alot in my coll...Good brief and this mail helped me alot in my college assignement. Thanks you seeking your information.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-65736410323803442572008-01-12T22:25:00.000-05:002008-01-12T22:25:00.000-05:00As a big Sinclair fan there is a question or two a...As a big Sinclair fan there is a question or two about cancelling out counter party risk. If BA had the risk and insured or sold it to CW, if CW held the risk then BA has just re-aquired it and it is the same as if CW went bk. If CW passed on the risk BA still has some insurance. So BA is at best no better off than it was. If CW had the risk and BA aquired it and held it, there is no change in BA's position. If BA passed the risk on there still seems to be no change in BA's position.<BR/><BR/>Now if CW was the risk generator which seems likely and parties other than BA are the counter parties that bought the risk, BA in assuming those positions has new counter parties that they did not originally sellect. If those counter parties fail when BA goes to collect when losses occur the losses will accrue to BA and no longer to the creditors of CW (assuming they really are bk), so if you are a creditor to CW you can sing a happy song.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-37427415908637219672008-01-11T21:38:00.000-05:002008-01-11T21:38:00.000-05:00Watchtower,I also remeber being a young lad (I am ...Watchtower,<BR/>I also remeber being a young lad (I am 31 now) waiting in line to see Empire Strikes Back. The electricity was palpable. The lightsaber duel between Luke and Vader was easily the most mesmorizing thing I have ever seen. Thanks for sharing your experience.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-39993322626561425822008-01-11T21:35:00.000-05:002008-01-11T21:35:00.000-05:00anon,Thanks for stopping bye and providing an exce...anon,<BR/>Thanks for stopping bye and providing an excellent point of view. I love the comments section because even though I follow this stuff pretty closely, there is always more out there that can enlighten. Thanks for the content and please check back.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-44114645226374036472008-01-11T21:33:00.000-05:002008-01-11T21:33:00.000-05:00I`ve been reading about "sovereign wealth funds" l...I`ve been reading about "sovereign wealth funds" lately, some claiming that this would be what the banks need to survive the current turmoil.<BR/>Of course being a tin foiler, I cannot see this being a good thing for our nation's sovereignty in itself. After the uproar about the port deal, and this past summer's immigration bill, I would have thought that there would have been more clamor about this than what I`ve ran across. <BR/><BR/>Hey, it`s friday night, if I could add my "Star Wars" thoughts, it would be this...I remember being a kid, and waiting in line to see it, the line stretched all the way around the block (a real movie theatre, not a cineplex),and down the street for quite some distance (I was lucky, I was close enough to get in, and not be turned away).<BR/>When I was a kid, my life revolved around WWI fighting aircraft (I built models, collected literature, etc.), so when I first seen the "X wing fighter" it was like I died, and went to heaven.<BR/>The space "aerial" shots were completely off the charts, I had never seen anything like it before.<BR/>At the end of the movie, I floated out of the theatre, it was just so incredible at the time.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-66894581745827024822008-01-11T21:19:00.000-05:002008-01-11T21:19:00.000-05:00Citigroup is prowling the globe... What is this sa...<B><I>Citigroup is prowling the globe...</I></B> What is this saying that they are not finding funds here in the US? Obviously, no money here!<BR/><BR/>BARF says it all. Best comment I've seen.<BR/><BR/>Here is another take form James Sinclair at http://www.jsmineset.com/<BR/>Let us assume one of the largest mortgage entities, Countrywide, who would have certainly been a significant player in the credit derivative market, has a very major credit derivative position with Bank of America. Lets' assume that Countrywide was the entity that had the obligation to perform, but now clearly can't. If Bank of America was to buy the non-performing other side of the many transactions and Countrywide become one entity with Bank of America, as they would, would the transactions between them not evaporate in the merge? It absolutely would. What would you then have to mark down on those specific transactions? I believe NOTHING would have to be marked down any further as two sides of the transaction became one.<BR/><BR/>That would qualify the already invested $2 billion, plus whatever else needs now to be paid to Countrywide' stockholders. This would more than likely be paid in paper.<BR/><BR/>It might explain the inexplicable "why" of Bank of America putting $2 billion into Countrywide recently when Mickey Mouse could see that as a sketchy investment at best.<BR/><BR/>My comment: If you are going to take it in the shorts for the credit default swaps anyway, you might as well buy the company and hide the losses with accounting wizardryAnonymousnoreply@blogger.com