The Epic American Credit and Bond Bubble Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: stan_hughes who wrote (85704)	8/30/2007 9:14:41 AM
From: Paul Kern	Read Replies (2) of 110194

there ain't no stinkin' counterparty for a lot of these things, and sooner or later the biggest blow-up you've ever seen is going to crystallize on Page One The holder funds consists incorporation papers in a file cabinet in the Cayman Island. No expensive brass nameplates required. It has, or, maybe, had a bank account in Vanuatu. This paper is assignable -- to anyone. Say GS was the initial issuer. These guys could be the fifth, or tenth assignees. The holding entity, three guys from Boca Raton, collect and distribute the premiums as fast as they come and and disappear as soon as they called to pay leaving not a trace.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next