- This topic has 27 replies, 7 voices, and was last updated 16 years, 8 months ago by
joebaduba.
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August 10, 2007 at 8:24 AM #9791August 10, 2007 at 8:34 AM #72704
joebaduba
Participantbecause they either have to boost reserves and/or use the money they would otherwise lend out to these other businesses to cover losses on the POS CDOs
August 10, 2007 at 8:34 AM #72823Participantbecause they either have to boost reserves and/or use the money they would otherwise lend out to these other businesses to cover losses on the POS CDOs
August 10, 2007 at 8:34 AM #72829Participantbecause they either have to boost reserves and/or use the money they would otherwise lend out to these other businesses to cover losses on the POS CDOs
August 10, 2007 at 8:40 AM #72710bubba99
ParticipantIm with you, but the reserve increases are a only few basis ponts, and the POS CDO’s were supposed to be insured. Is the insurance less than required, or lost in their leveraging or bankrupt?
August 10, 2007 at 8:40 AM #72830ParticipantIm with you, but the reserve increases are a only few basis ponts, and the POS CDO’s were supposed to be insured. Is the insurance less than required, or lost in their leveraging or bankrupt?
August 10, 2007 at 8:40 AM #72835ParticipantIm with you, but the reserve increases are a only few basis ponts, and the POS CDO’s were supposed to be insured. Is the insurance less than required, or lost in their leveraging or bankrupt?
August 10, 2007 at 8:43 AM #72713(former)FormerSanDiegan
ParticipantFEAR
August 10, 2007 at 8:43 AM #72833ParticipantFEAR
August 10, 2007 at 8:43 AM #72838ParticipantFEAR
August 10, 2007 at 9:08 AM #72722LA_Renter
ParticipantInteresting day wouldn’t you say. So the FED will open the credit window. Two injections today. We have found a buyer for the mortgage backed securities….great! You would think the market would jump for joy but so far that isn’t happening. If you want to know how serious this is, the last time Japan, Europe, and the US all injected liquidity at the same time was after 9/11. From my view the FED is not inspiring confidence. They appear to stumbling along not really knowing what to do. And they also look like they are being bullied by Wall Street. I don’t like it! We are in an environment where there is no margin for error and I have a feeling these guys are going to error. My real worry is a dollar crisis and they are taking baby steps into that scenario right now.
August 10, 2007 at 9:08 AM #72840ParticipantInteresting day wouldn’t you say. So the FED will open the credit window. Two injections today. We have found a buyer for the mortgage backed securities….great! You would think the market would jump for joy but so far that isn’t happening. If you want to know how serious this is, the last time Japan, Europe, and the US all injected liquidity at the same time was after 9/11. From my view the FED is not inspiring confidence. They appear to stumbling along not really knowing what to do. And they also look like they are being bullied by Wall Street. I don’t like it! We are in an environment where there is no margin for error and I have a feeling these guys are going to error. My real worry is a dollar crisis and they are taking baby steps into that scenario right now.
August 10, 2007 at 9:08 AM #72847ParticipantInteresting day wouldn’t you say. So the FED will open the credit window. Two injections today. We have found a buyer for the mortgage backed securities….great! You would think the market would jump for joy but so far that isn’t happening. If you want to know how serious this is, the last time Japan, Europe, and the US all injected liquidity at the same time was after 9/11. From my view the FED is not inspiring confidence. They appear to stumbling along not really knowing what to do. And they also look like they are being bullied by Wall Street. I don’t like it! We are in an environment where there is no margin for error and I have a feeling these guys are going to error. My real worry is a dollar crisis and they are taking baby steps into that scenario right now.
August 10, 2007 at 9:12 AM #72725SHILOH
ParticipantFrom what I read….many didn’t even build reserves into the risk from all the low-grade mortgages.
August 10, 2007 at 9:12 AM #72844ParticipantFrom what I read….many didn’t even build reserves into the risk from all the low-grade mortgages.
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