Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (75131)	12/9/2006 4:18:55 PM
From: mishedlo	Read Replies (2) \| Respond to of 110194

Nice find Russ. I will likely incorporate that into a blog later this weekend. Mish

To: russwinter who wrote (75131)	12/9/2006 5:30:04 PM
From: Ramsey Su	Read Replies (3) \| Respond to of 110194

Russ, regarding FCB: I think "16.4 billion in US debt..." is meaningless unless you know what they are buying. e.g. if they are buying the AAA stuff, it may be a great move since the availability of this debt could be drying up in the near future. Regarding the Fifth Third sale, there are others: biz.yahoo.com One of my question about ownit was the worth of an 800 employee network. Is that of no value? Same holds for Sebring? So if the originations network is of no value, and loan portfolios can only be sold at discounts, then all the subprime lenders have negative value? On the other hand, not all subprime loans are bad. There is room for some, just a question of how much. With more and more competitors biting the dust, wouldn't the survivors be the benefactors? If the industry cleans itself up in this manner, then the strategy would have to be short the losers and long the survivors, no? Now the last question. Who are the losers and who are the survivors?