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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (71191)	11/13/2007 9:54:50 PM
From: Giordano Bruno	Respond to of 116555

51 billion in GS level 3 exposure? bloomberg.com

To: mishedlo who wrote (71191)	11/13/2007 10:34:12 PM
From: ggersh	Respond to of 116555

Right there with you about something Stinks....My theory is Paulson and the Fed...FWIW

To: mishedlo who wrote (71191)	11/14/2007 12:44:38 AM
From: Webster Groves	Respond to of 116555

How do you short a CDO unless you sell the same one to both Merrill Lynch and Bear Stearns ? Naked ? wg

To: mishedlo who wrote (71191)	11/14/2007 7:16:01 PM
From: benwood	Respond to of 116555

What stinks is when you buy a car and the salesman makes a nice profit after selling you on the idea of this new untested brand which is supposed to be quite good however and cheaper too. When you drive off the lot, he calls his bookie and promptly puts the profit down at 200-1 odds that your car will completely fail before it reaches 900 miles. At that time, everybody assumes this new brand, Yugo, is as good as a Toyota so long as you put on nice wiper blades and sugarcoat the bottom tranche with Michelin tires. When your Yugo craps out at 800 miles, the salesman "puts" his huge winnings in the bank. His kids will get enormous bonuses next allowance, to the envy of all the kids who hang out near the street wall. Multiply these realized profits by about a billion and you have Goldmen Sax, whose motto is, "We truly appreciate your business... CHUMP!"