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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (36611)	2/5/2010 10:03:02 AM
From: JakeStraw	Respond to of 78752

HALL - Thanks for the link to their NYSA presentation. It's interesting to see that 2/3 of their debt securities investments are tax exempt and only 10% in equities.

To: Spekulatius who wrote (36611)	2/5/2010 10:44:15 AM
From: Madharry	Read Replies (2) \| Respond to of 78752

not having gone into it in great depth, i need to understand the business way better. sounds like the most of their business is in tx. i wonder about there exposure to the ok ice storms. also couldnt see info about the exhedge fund manager but unless they are gonna shift to more equities not sure i know the relevence. I sold out of amgn to buy more gs and start a position in MS at book. I could be wrong but it seems to me that they are pretty much the only investment banks of serious scope around. I dont see how much the govt can really putz around with institutions that are really too important to fail without bringing the whole economy to its knees. the notion that the same legislators who got us into this mess think they can fix the mess seems like Geithner redux. The real source of the instability of the financial system can be placed at the feet of legislators who failed to set up sufficient regulations of derivative products and capital requirements. there is no need to offer someone like geithner some kind of unlimited power to do what he thinks he needs to do. also credit default swaps are an insurance product they should be treated like that. if you dont have something you need to insure you cant buy the product.