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I wouldn't be surprised if most of SEC cases against S&P500 firms get settled since they dont want the negative PR. He needs to lay odds

I'm interested in knowing how an IMF loan affects the credit rating of Greece. I recall reading they lend at 2.5%, so I assume that would help the ratings. If they ask for bigger defict cuts that could help too. So assuming they stop the BS about getting money from the EU and go for the IMF they...

Also you are missing that bomb dropped by the FOMC minutes 'we arther be late because we can play catch up later than be early, kill the recovery and not be able to cut rates'. First hike will be .25bps and I'm willing to lay odds in a bet on this

Actually no, Warsh is on the Board, and is still voting

What evidence you have to suggest this?Warsh WSJ oped piece? The guy is out of the voting FOMC side. Check out Greenspan book, he explicitly recommended a .25 small rate hike in 1994 in order to keep market disturbances down to a miminal(or something like that). Heck even the DISCOUNT rate they...

As far as the hedge goes, it would be too many contracts. I'm not sure I even have the margin. Furthermore, the front usually have something like a small risk premium that I will be shorting and will cost me a few bps everytime(cost of insurance I guess, but I'm not thrilled with that) There...

I decided I'm going to swap my GE calls for a Dec 2010 ZQ position. This until it becomes more clear where is the top on libor, then I might come back. The greek situation looks like is going to get worse before it gets better and it should end on a package from the IMF with or without some help...

Libor is blowing out a little. This, along the treasury SFP revival and OIS drift up, has cut the upside of GE calls by quite a bit. The market seems to be expecting something like 35-40bps for the new libor, current upside for the calls is 20-25bps, around 60% potential gain. Problem is there...

Where these recovery locks trade, OTC?

These odds I might not take, but make it something like 1-20 and I might be down for it

Call me crazy, but isnt that a huge bargain. I just dont see the Greek government admiting that they were wrong and reestructuring now, not after all public active voluntary commitments that the greek leaders made(I believe Robert Cialdini has done some work in this psychology principle, people...

Amazing. My brother who is majoring in business administration wants to go to europe and live there(will study in Spain and Italy first), can you imagine, the guy wants to leave Brazil to live in that basket case. Lets see if I can bring him back to his senses

Are you saying libor for today only?The front GE(May) is down less than one basis, it looks like the market is not concerned

"It is unlikely that the rating will remain at A3, unless the government's actions can restore confidence in the markets and counteract the prevailing headwinds of high interest rates and low growth that could ultimately undermine the government's ability to sustainably cut debt levels,"

Looks like the sell-off in Greece continues, yet to my knowledge tons of countries still dont have the authority to bail Greece out and it would take some time. It appears the the only thing that would calm short-term debt holders is when they get the news that Papandreou emailed Strauss-Kahn...

http://www.bloomberg.com/apps/quote?ticker=GGGB2YR%3AIND

The spread has been quite stable for a while. looks like this is mostly an OIS issue

"1435 GMT [Dow Jones] Moody's downgrades the government bond ratings of Greece to A3 from A2 and placed them on review for further possible downgrade. Moody's also put Greece's Prime-1 short-term issuer rating under review for downgrade. "Although the Greek government appears to be on, or even...

They probably have some credit exposure there, their desk overhedged and now the research team is making sure they wont miss on Q2 earnings by claiming Greece defaults :p

24 years for smoking?Only in the US :D