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I don't think it's hard for anyone to "get." What's the problem, may be the better question. Lenders lend money, and can insure against the borrowers default. That means they'll lend the money cheaper, since they don't face the possibility of haviong their debt restructured for them in a...

I accidentally watched that statement live, and they're leaving out all the parts where he said that this is America and profits are good. The fees idea was in the question presented, and not so much in the answer. What I heard was that his idea was to identify players that were deemed...

this thread is worthless without pics.

You're basically saying that lenders should have a toughter time getting their $ back, beacase they should be subject to social benefits for other stakeholders. If those are the rules, then so be it, but interest rates will rise. Regarding "well done bankruptcies:" Things like the 363 sale...

I guess this elicits the "so what" response from me. Cases of pro-active, malicious profiteering (like the breakfast club shenanigans) need to be investigated and prosecuted. Otherwise, the market decides what default risk cost is. if the company can't assure potential CDS buyers that...

I would say likely premium for whole practice as well. OR, his friend has had so many malpractice awards ordered against him that his premium is that high now, lol. On the matter of malpractice insurance: many people claim that runaway punitive jury awards to malpractice victims are what is...

Where does the talent go? I agree with you, by the way, but am curious where you think it's going.

So what happened? Still made 2 1/2 cents, so I'm guessing that more than covers your execution costs.

so there are different ways of looking at it. The 2 ways I like to think of it are: a) in an abstract sense simply marking both the implied gas and power legs to their respective market prices and add them together (have to be mindful of the +/-). This is how I look at it just from a P&L...

what's the little bird joke? I don't get it :(

you are all wrong. It's deep in the money calls. Everyone knows that...

Lol. If that isn't the damn truth... Summer is broken this year up north (but not in TX).

We have HR's on for more than 12 months out, and they don't move around that much (all in ERCOT though). Likely because they're big denominations though (cal strips, not just individual months).

^ yeah, you can definitely mark them. I just wasn't sure how, i.e. was one leg held constant or not, were they marked individually or just compared to the going market ratio. After spending time watching some of our heat rates I have come up with a couple of useful (to me) ways to look at...

I’m trying to rationalize why Fixed Price Power becomes so illiquid (relative to PJM or NE, NY, etc.) in TX as soon as you get more than a few months out. Here some thought’s I’ve had. Please dispute or support if you know or have an opinion. - very limited interconnectivity to other...

LOL!!!

Waiting until october is fine with me. if I buy at 85% of fave value and earn 3.75% APR. That is an excellent return in my books. I'd not throw my life savings at it, but maybe $100k or so... easiest $16k I'd ever make. shoot, I could put them on a credit cars and still make $.

my question is: how the hell can I buy some???? I hear they're selling at 85% of par. that's found money...

^ Jeez. young punks running hedge funds. makes me feel really underaccomplished...

I actually just bought both covel's turtle book and Chris Faith's. I've finished reading Faith's and am just getting started on Covel's (in the first pages he makes it pretty clear that he was not a "turtle"). I bought the books before ever seeing this thread, just to see what the two said...