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


To: MulhollandDrive who wrote (147161)9/16/2008 9:30:28 PM
From: Gary BurtonRead Replies (1) | Respond to of 306849
 
cds as % of total assets (per reggie middleton on safehaven)
of some banks

JPM 599%
C 253%
BAC 123%
HSBC 679%
WB 64%



To: MulhollandDrive who wrote (147161)9/17/2008 9:54:19 AM
From: MoominoidRespond to of 306849
 
How does he know that the US government is going to do exactly the same thing again vis a vis warrants?



To: MulhollandDrive who wrote (147161)9/17/2008 9:58:46 AM
From: damainmanRead Replies (1) | Respond to of 306849
 
"I know they wrote a bunch of CDS. I, and a bunch of my hedge fund buddies, short the firm's stock into the ground."

And buy some bonds to be made whole later as an upside hedge.