SI
SI
discoversearch

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 ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Giordano Bruno who wrote (87828)10/21/2007 10:43:58 AM
From: GST  Read Replies (2) of 110194
 
This is the core issue (from your post): <Banks will have to accept that they bought lousy assets whose true value is now well below par – even leaving aside any current discount due to illiquidity – and that these losses cannot be fudged or eliminated by creating a super-SIV.>

<Stock markets have been recently cheered by banks recognizing a whole “$18 billion” of losses when the actual numbers will eventually be –for subprime alone – between $100 billion and $200 billion. This mess was in part caused in the first place by the opacity and lack of transparency in financial markets. So it will take a lot more transparency – rather than half-baked shell games of reshuffling assets and liabilities while charging more fees in the process – to restore investors’ confidence.>
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News