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

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To: orkrious who wrote (84167)7/26/2007 9:28:27 AM
From: Tommaso  Read Replies (2) of 110194
 
Thanks for clamping down. The topic is complicated enough to make it hard follow, even without foolish distractions.

I am trying to understand the implications of these failures to market buyout loans. Just what kind of commitment have the banks made that tried to market these? Can they just back out and let the buyouts fail? Are they legally liable for expenses and any losses suffered by the parties involved?

I admit that I have been waiting for years to read that Morgan has collapsed under the weight of multiple derivative and other obligations. And I admit that I feel that way partly because I know a guy who does not seem terribly bright who has been paid a huge salary for a long time to manage these things. I admit that I have a prejudice against people who wear shirts that cost $200 each.
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