The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: orkrious who wrote (80019)	3/15/2007 10:26:15 AM
From: Gemlaoshi	Read Replies (1) of 110194

ork, I posted the message below on Jan 10. The reason I copy it here is that the consultant action in this mess has already moved on to the warehouse banks. I suspect the next shoe to drop will be pre-announcements of huge increases in reserves and attempts to raise capital levels. There are definitely more shoes to drop in the mortgage game. My daughter is a risk consultant with one of the large financial consulting companies. For the next two weeks she is at one of the large mortgage companies often mentioned on this board. Her specialty is capital adequacy...most often for the investment portfolios of broker/dealers. What makes this assignment curious is that she rarely works with mortgage bankers. I can only guess, but I would say that their portfolio is disintegrating rapidly, and they have insufficient reserves to meet their capital requirements. The news over the next several weeks is certainly going to be interesting!!

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