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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Les H who wrote (110350)3/16/2008 11:48:15 AM
From: Giordano BrunoRespond to of 306849
 
Nice find Les.



To: Les H who wrote (110350)3/16/2008 12:00:55 PM
From: 10K a dayRespond to of 306849
 
Holy Crap!



To: Les H who wrote (110350)3/16/2008 12:02:24 PM
From: Think4YourselfRead Replies (1) | Respond to of 306849
 
EXCELLENT presentation. This is the best summary I have ever come across.

I also concur with "Holy Crap!" Before looking at this I thought we were in the fifth inning. It is more like the bottom of the second inning.

What in the hell were the a-holes on Wall Street doing, and where was the government while this was going on?



To: Les H who wrote (110350)3/16/2008 12:11:09 PM
From: TommasoRead Replies (1) | Respond to of 306849
 
Front page--not business section:

nytimes.com

Not guaranteed to calm the markets tomorrow:

"But now, as the meltdown in credit markets threatens major institutions on Wall Street and a recession appears inevitable, Mr. Bernanke is inventing policy on the fly."



To: Les H who wrote (110350)3/16/2008 12:34:27 PM
From: Les HRespond to of 306849
 
Fannie Mae to hike LLPAs come June 1st

efanniemae.com



To: Les H who wrote (110350)3/16/2008 3:22:42 PM
From: patron_anejo_por_favorRespond to of 306849
 
Superb presentation, not just on ABK/MBI issues but on the scope of the housing bubble in general. A must read by all thread participants.



To: Les H who wrote (110350)3/17/2008 9:58:05 AM
From: Smiling BobRead Replies (2) | Respond to of 306849
 
75 pages???
You could have at least put that in the Cliff notes version. :)



To: Les H who wrote (110350)3/22/2008 6:07:41 AM
From: 10K a dayRespond to of 306849
 
LOL

As Bear Stearns Implodes, Spector Keeps $382 Million

March 19 (Bloomberg) -- Warren Spector, forced out as president of Bear Stearns Cos. last August, may have outdone his former mentor James ``Jimmy'' Cayne as the 85-year-old brokerage firm imploded.

After a spat over politics in 2004, Cayne, then Bear Stearns's chief executive officer, changed the company's deferred compensation plan, prompting Spector to sell $382 million of stock. As of last March, his stake in the New York-based firm had dwindled to 0.06 percent, worth about $8 million when he left.

``In this case, the golden handshake didn't turn into a tin one,'' said Shaun Springer, chief executive officer of London- based recruiting firm Napier Scott Executive Search Ltd.

Spector, 50, faced Cayne again in a bridge tournament in Detroit last weekend. As the competition was coming to a close, Bear Stearns was being sold to JPMorgan Chase & Co. for $291 million, less than the value of its Manhattan headquarters building. Cayne's 5 percent stake has plummeted in value from almost $1 billion last year, when the shares reached their peak price of $170, to about $12 million based on the sale price.

elainemeinelsupkis.typepad.com



To: Les H who wrote (110350)3/22/2008 9:51:02 AM
From: Les HRead Replies (1) | Respond to of 306849
 
It's up to Bernanke to bail out the boat

financialpost.com



To: Les H who wrote (110350)3/25/2008 1:48:36 PM
From: Les HRead Replies (1) | Respond to of 306849
 
Countrywide discontinues HELOCs and 2nds

blownmortgage.com

Home equity loans dry up

msnbc.msn.com