CDO Market Virtually Shut

otcstockfund · Jul 24, 2007

i also love how he screams that its so cheap, wonder what his excuse will be on this one

SiSePuede! · Jul 24, 2007

Quote from otcstockfund:

i also love how he screams that its so cheap, wonder what his excuse will be on this one

I've watched his show once and couldn't handle it. I was never even really aware of him until he started pumping CFC and DSL. He seriously practically blew Mozilo when he had him on.

THE-BEAKER · Jul 24, 2007

Quote from SiSePuede!:

I've watched his show once and couldn't handle it. I was never even really aware of him until he started pumping CFC and DSL. He seriously practically blew Mozilo when he had him on.

if mozilo goes away for this he will be blowing the entire population of san quentin very quickly on arrival

styron · Jul 24, 2007

A very long flight to safety is my guess for the fallout.

flytiger · Jul 24, 2007

Quote from SiSePuede!:

Jim Cramer should be indicted for saying that Downey is in a "growth industry" which I think is a bit of bullshit since they hold almost all Alt-A loans in California...that's the exact opposite of a growth industry.

says Brokers aren't cheap till they get to 9PE.

Didn't he say, as early as last week, GS cheap at 10. He's not going to be able to sweep this under the rug. Hopefully, it finishes him, and we won't have to hear about him anymore.

arealpissedgoy · Jul 24, 2007

Quote from SiSePuede!:

But the lenders and builders have been nailed. Trying to figure out what banks take the biggest hit is next to impossible.

Why so?

WAMU, BoFA

efficiency · Jul 24, 2007

Why is it you gentlemen know more than the aggregate lending community about this?

Or is it more a matter of being a Monday morning quarterback?

The "C" in CDO puts a floor on things. A little different than 30 day unsecured paper, which incidently is a huge arena. The "C" of course hinges upon appraisals, and no doubt lending standards will tighten, but world isn't coming to an end.

Let's see you capitalize on "it" rather than call "it" after-the-fact.

Ivanovich · Jul 24, 2007

``We don't know when it will come back, but it should,'' said Dagmar Kent Kershaw, who helps manage 6.5 billion euros of CDOs at M&G. ``We believe now is a good time to get into the market, as some of these assets are cheaper than they have been for a while and offer excess value to the savvy investor.

I love that part of the article.

flytiger · Jul 24, 2007

Quote from efficiency:

Why is it you gentlemen know more than the aggregate lending community about this?

Or is it more a matter of being a Monday morning quarterback?

The "C" in CDO puts a floor on things. A little different than 30 day unsecured paper, which incidently is a huge arena. The "C" of course hinges upon appraisals, and no doubt lending standards will tighten, but world isn't coming to an end.

Let's see you capitalize on "it" rather than call "it" after-the-fact.

...because one, nobody in the Industry can tell the truth. The more they say "OK", the less I believe. Two, leverage. Three, by screwing the poor, the Dems are going to be on this huge, and who ever saw them make anything better. You may certainly be correct, but there's more hurdles than a track meet.