usctrojanman29_IHB
New member
translation = the Treasury will be running the printing presses 24/7muzie said:
Headlines...
- Thread starter effenheimer_IHB
- Start date
NEW -> Contingent Buyer Assistance Program
Oddly enough, I still think that Goldman Sachs and JP Morgan Chase will be the last two standing, and it has nothing to do with their balance sheets or cash flow. JPM probably has the worst balance sheet of the bunch and the most CDS exposure, but both JPM and GS are connected, and in the end I think the Federal Reserve is JPM and GS. Does this make sense?
For the Panda Challenge, I tried to go long puts on GS, but the order did not execute.
Freakin GS! They have been golden all along, and now AIG drops the ball on the market. I bought GS in the panda challenge and took a huge hit. I think I might have to buy more GS because they are smart and short the right companies. They are prolly short JPM and Panda right now.
As it comes back by the end of the year we will see who was smarter than who. It's already up 10% from the low. Plus it's not like I haven't been short on China. CLIFF DIVE...
http://img701.mytextgraphics.com/photolava/2008/09/18/hsicliffdive-4bwi7r9u3.jpeg
They are going to do it.
Discounted? Deeply? I doubt it. What good does it do the bank if they sell them at a discounted price?
Isn't the more important question; where will the Treasury Dept. get the money?
Hint: Wayne Angell, former federal reserve governor said today on CNBC, "The Federal Reserve has an infinite balance sheet."
morekaos_IHB
New member
The 4 Horseman of the Apocolypse. Bear Stearns, Lehman, Morgan and Goldman. Two down, two to go
awgee_IHB
New member
Nude said:
Oddly enough, I still think that Goldman Sachs and JP Morgan Chase will be the last two standing, and it has nothing to do with their balance sheets or cash flow. JPM probably has the worst balance sheet of the bunch and the most CDS exposure, but both JPM and GS are connected, and in the end I think the Federal Reserve is JPM and GS. Does this make sense?
For the Panda Challenge, I tried to go long puts on GS, but the order did not execute.
morekaos_IHB
New member
I meant Morgan Stanley not JPM. I agree that at least JPM will make it. GS i dunno. BSC and LEH and AIG were also very well connected.
usctrojanman29_IHB
New member
You forgot about good old Merrill...the step child 5th horsemanmorekaos said:
graphrix_IHB
New member
Nude said:
Freakin GS! They have been golden all along, and now AIG drops the ball on the market. I bought GS in the panda challenge and took a huge hit. I think I might have to buy more GS because they are smart and short the right companies. They are prolly short JPM and Panda right now.
graphrix_IHB
New member
awgee said:
As it comes back by the end of the year we will see who was smarter than who. It's already up 10% from the low. Plus it's not like I haven't been short on China. CLIFF DIVE...
http://img701.mytextgraphics.com/photolava/2008/09/18/hsicliffdive-4bwi7r9u3.jpeg
morekaos_IHB
New member
Sept. 18 (Bloomberg) -- Morgan Stanley, the second-biggest independent U.S. securities firm, may sell a larger stake to China Investment Corp. and is in talks about a possible merger with Wachovia Corp., a person familiar with the matter said.
http://www.bloomberg.com/apps/news?pid=20601087&sid=ao0BD9Zuhy3E&refer=home
Three down one to go
http://www.bloomberg.com/apps/news?pid=20601087&sid=ao0BD9Zuhy3E&refer=home
Three down one to go
jbenko_IHB
New member
GS on fire as we speak and i'm taking full advantage of it. Massive volatility!!!
No_Such_Reality_IHB
New member
Ugh, me and my big mouth. Wall Street Rumors of a second Resolution Trust Corp...
usctrojanman29_IHB
New member
My question is...how the FOCK will they value those assets they want to buy and will the banks be willing to take deeply discounted prices for them??? I hope they don't do this!No_Such_Reality said:
awgee_IHB
New member
usctrojanman29 said:
They are going to do it.
Discounted? Deeply? I doubt it. What good does it do the bank if they sell them at a discounted price?
Isn't the more important question; where will the Treasury Dept. get the money?
Hint: Wayne Angell, former federal reserve governor said today on CNBC, "The Federal Reserve has an infinite balance sheet."
usctrojanman29_IHB
New member
They better build some more printing presses because they'll have to be working overtime. If they end up buying that garbage at anything more than 20-25 cents on the dollar I'll be pissed. I still don't see how this will solve the foreclosure item. Banks got greedy and got burned so they need some time to lick their wounds before they get greedy again.awgee said:
Trooper_IHB
New member
What's mine is yours.
I'll take some of that gold now, you clealy have more than me.
I'll take some of that gold now, you clealy have more than me.
Nude_IHB
New member
usc, you must have missed Schumer, Clinton, and Volcker all advocating different parts of the Renewed Deal™: Volcker asks for a new RTC, Clinton asks for a new Home Owner's Loan Corp, and Schumer want an equity stake in every company in trouble. Combined, this Renewed Deal™ will not only keep banks and investment firms from having to eat bad investments, it will allow politicians to 'adjust' mortgages until people can afford the house where they currently reside, and put the Feds on the board of any company requesting any money from the government. Then they can sit back and claim they "fixed" things while collecting the vote of everyone they 'helped'. Of course, the 'help' will require a small tax increase to pay for it all, but at least we'll have government oversight of every last decision made in America.usctrojanman29 said:
AllisonC_IHB
New member
Err...I saw Wayne Angell on CNBC last night too, does he really believe what he says or is he being sarcastic? Am I missing sth? Was I wrong to have the urge to choke him?awgee said: