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To: CalculatedRisk who wrote (146152)9/13/2008 2:39:44 AM
From: patron_anejo_por_favorRead Replies (1) | Respond to of 306849
 
Gee, that's a rather thinly veiled threat dontcha think?



To: CalculatedRisk who wrote (146152)9/13/2008 9:00:20 AM
From: Giordano BrunoRead Replies (1) | Respond to of 306849
 
Fact: I could not, should not, would not trust Timothy Geithner.
He was a bag man for Bear Stearns and once a bag man always a bag man in Jamie Dimon's book. -g-
They need another mouth piece.



To: CalculatedRisk who wrote (146152)9/13/2008 10:19:13 AM
From: PerspectiveRespond to of 306849
 
CATY - wouldn't this imply these guys have a substantial exposure to agency preferreds?

From July EPS release:
biz.yahoo.com

-- Second quarter earnings of $19.2 million decreased $11.4 million, or 37.1%, compared to the same quarter a year ago. Included in the results was a non-cash after-tax charge of $3.4 million, or $0.07 per diluted share, for "other-than-temporary impairment" on agency preferred securities. Earnings for the second quarter of 2008 excluding the $3.4 million impairment charge decreased $8.0 million, or 26.1%, compared to the same quarter a year ago.

`BC