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June 20, 2007 at 4:47 PM #60873June 20, 2007 at 5:18 PM #60848SD RealtorParticipant
Well said Counselor.
SD Realtor
June 20, 2007 at 5:18 PM #60883SD RealtorParticipantWell said Counselor.
SD Realtor
June 20, 2007 at 7:14 PM #60878kewpParticipantHehe, I’m laughing myself about the hedgies whining.
At this point, screm’ em all. Rich and poor. I’ve been sitting on the sidelines for three years; I think I’m gonna enjoy eating roast pig soon.
June 20, 2007 at 7:14 PM #60913kewpParticipantHehe, I’m laughing myself about the hedgies whining.
At this point, screm’ em all. Rich and poor. I’ve been sitting on the sidelines for three years; I think I’m gonna enjoy eating roast pig soon.
June 20, 2007 at 7:42 PM #60880rockysan99ParticipantCALPERS bought into these Bear Stearns CDOs
Banks Sell ‘Toxic Waste’ CDOs to Calpers, Texas Teachers Fund
By David Evans
June 1 (Bloomberg) — Bear Stearns Cos., the fifth-largest U.S. securities firm, is hawking the riskiest portions of collateralized debt obligations to public pension funds.
At a sales presentation of the bank’s CDOs to 50 public pension fund managers in a Las Vegas hotel ballroom, Jean Fleischhacker, Bear Stearns senior managing director, tells fund managers they can get a 20 percent annual return from the bottom level of a CDO.
“It has a very high cash yield to it,” Fleischhacker says at the March convention. “I think a lot of people are confused about what this product is and how it works.”
http://www.bloomberg.com/apps/news?pid=20601109&sid=aW5vEJn3LpVw&refer=home
June 20, 2007 at 7:42 PM #60915rockysan99ParticipantCALPERS bought into these Bear Stearns CDOs
Banks Sell ‘Toxic Waste’ CDOs to Calpers, Texas Teachers Fund
By David Evans
June 1 (Bloomberg) — Bear Stearns Cos., the fifth-largest U.S. securities firm, is hawking the riskiest portions of collateralized debt obligations to public pension funds.
At a sales presentation of the bank’s CDOs to 50 public pension fund managers in a Las Vegas hotel ballroom, Jean Fleischhacker, Bear Stearns senior managing director, tells fund managers they can get a 20 percent annual return from the bottom level of a CDO.
“It has a very high cash yield to it,” Fleischhacker says at the March convention. “I think a lot of people are confused about what this product is and how it works.”
http://www.bloomberg.com/apps/news?pid=20601109&sid=aW5vEJn3LpVw&refer=home
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