Ask Michael Burke 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.

Politics : Ask Michael Burke

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Pogeu Mahone who wrote (125142)	11/17/2010 12:51:20 PM
From: Knighty Tin	1 Recommendation Read Replies (1) of 132070

Many don't realize it, but Berkshire Hathaway was probably bailed out, too, though indirectly. We all know they owned some derivatives, but the big risk was what was owned by their customers and clients. Nearly all of the cos in trouble had dealings with General Re. Even if it was just overnight repos, no court case has ever tested who owns the collateral if the borrower goes belly up. It is assumed that the lender could keep the collateral in a default, but it sure isn't 100% certain. And everyone is the world bought Lehman overnight repos.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next