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It reminds me of the campaign GM/F/DCX rolled out to be patriots for your country and buy US autos with zero percent interest and no money down. That worked out real well. :D

The short killer would be a "modernizing" of the qualifying ratios. I see no mention of that so far though. :D

The plan gives an incentive to short sell your home if you are buried in it and cannot afford the payments any longer. Asking banks not to foreclose on delinquent mortgages...seriously? :D

NEW YORK, Aug 30 (Reuters) - Lehman Brothers has hired Jeb Bush, brother of the President of the United States, as an advisor to its private equity business, a source familiar with the situation said. Lehman hired another relative of U.S. President George W. Bush last year--George Walker, a...

Cheyne May Liquidate Commercial Paper Plan on Losses, S&P Says By Darrell Hassler and Laura Cochrane Aug. 29 (Bloomberg) -- Cheyne Capital Management Ltd., a London-based hedge fund, may be forced to liquidate $6 billion in assets backing a commercial paper program after the global credit...

I confess, I clicked on the link. Douche! :D

Too bad banks around the world securitized everything and sold it off...it might have been Salomon Brothers' idea originally, but everyone copied us on it. This is a great opportunity to make money, but what I envision for the economy and the lives of people is not as exciting. :D PS -...

I wouldn't be surprised if ST was one of the owners of this site. His posts, and similar posts from other persons generate substantial posting activity which presumably increases the advertising value of the web site. It really does wear on me though. :D PS - This theory would explain...

He has a lot of skin in the cmo game. I didn't bother to check all of his funds, but this is his flag ship strategy and it has ~$100 billion across the various total return share classes. http://finance.yahoo.com/q/hl?s=PTTRX :D

LOL...this is an example of why the indians fell off. :D PS - It is unwise to argue with a fool.

I doubt the AHM surge on the day of the BAC news will be the last of the short squeezes on this stock. That's just too easy and leaves a lot of easy money on the table. :D

FYI Fed is taking asset-backed commercial paper at the discount window... :D

WHO CARES!?! You guys screw up so many threads arguing about absolutely NOTHING productive! :D

There are plenty of estate attorneys working in family offices/multi-family offices practicing law and the other partners in the MFO's are typically not attorneys. :D

With their new preferred position, BAC would be in the driver's seat if the company does go BK. Dump the bad loans through BK, buy the remaining good assets and integrate into BAC....picking up a $90 billion bank and its clients/locations in the process. Either way, this looks like a good...

Talk about bending over... Under the terms of the deal, Charlotte, N.C.-based Bank of America acquired $2 billion in the form of nonvoting, convertible preferred stock yielding 7.25 percent annually, Countrywide said. The shares can be converted into common shares of Countrywide at $18 per...

The member banks are trying to snowball the market about who is in trouble. Someone will trade the inside information...watching! :D

Chatted with them for a couple hours before I had my fill, they sat down at the end of the bar right next to us. He holds his wine glass by the stem, "wrist up." He has definitely made money, he was driving a Black Bentley Arnage Convertible and lives in Biltmore Estates. I am of the...

Since this will be chit chat soon anyway... I HAD a girlfriend several years ago that studied Spanish for 5 years that was showing off her foreign language "skills." She goes on to tell me that her car is even bilingual...the dash says "door is 'a-har'." Me: "come again?" GF: "A-har...

The MF investor can reallocate to their MMF/GIC. If MMFs really start blowing up, people will forget about tax penalties and go to real cash as the next step. The average investor is still invested in the market, but this time there is an additional layer of portfolio management to go through...