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cr.
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November 7, 2007 at 7:33 PM #97179November 7, 2007 at 7:33 PM #97189
drunkle
Participantsorta off topic, but…
http://news.yahoo.com/s/nm/20071108/bs_nm/morganstanley_subprime_dc_4
“The investment bank said it has reduced its net exposure to U.S. subprime debt — defined as the potential loss if all of the debt’s value were wiped out — to $6 billion as of October 31 from $10.4 billion as of August 31.
It has also reduced its total exposure to asset-backed collateralized debt obligations and related subprime debt to $9.3 billion on October 31 from $12.3 billion on August 31.”
how did they reduce their exposure? isn’t the point of the “credit crisis” and the unknown valuation of cdo’s the fact that people aren’t buying them?
how did any of the other investment banks do it? or is “reduction of exposure” a euphemism for the write downs?
edit:
or the fed accepted them as collateral?November 7, 2007 at 7:33 PM #97196Participantsorta off topic, but…
http://news.yahoo.com/s/nm/20071108/bs_nm/morganstanley_subprime_dc_4
“The investment bank said it has reduced its net exposure to U.S. subprime debt — defined as the potential loss if all of the debt’s value were wiped out — to $6 billion as of October 31 from $10.4 billion as of August 31.
It has also reduced its total exposure to asset-backed collateralized debt obligations and related subprime debt to $9.3 billion on October 31 from $12.3 billion on August 31.”
how did they reduce their exposure? isn’t the point of the “credit crisis” and the unknown valuation of cdo’s the fact that people aren’t buying them?
how did any of the other investment banks do it? or is “reduction of exposure” a euphemism for the write downs?
edit:
or the fed accepted them as collateral?November 7, 2007 at 9:27 PM #97170CAwireman
ParticipantI remember meeting Chris at one of the meet ups.
He had moved into a nice, nice place. Still there, right? The one with the view?
HiggyBaby
(Formerly known as cawireman)
November 7, 2007 at 9:27 PM #97231ParticipantI remember meeting Chris at one of the meet ups.
He had moved into a nice, nice place. Still there, right? The one with the view?
HiggyBaby
(Formerly known as cawireman)
November 7, 2007 at 9:27 PM #97241ParticipantI remember meeting Chris at one of the meet ups.
He had moved into a nice, nice place. Still there, right? The one with the view?
HiggyBaby
(Formerly known as cawireman)
November 7, 2007 at 9:27 PM #97250ParticipantI remember meeting Chris at one of the meet ups.
He had moved into a nice, nice place. Still there, right? The one with the view?
HiggyBaby
(Formerly known as cawireman)
November 7, 2007 at 9:29 PM #97174cr
ParticipantWhat do the active traders here think – do financials and mortgages banks continue to drop or are they at the bottom of this subprime mess? And gold/siler are at or near all time highs – is it too late to get in, or will the dollar continue to decline?
Does anyone else think Google is overpriced?
November 7, 2007 at 9:29 PM #97235ParticipantWhat do the active traders here think – do financials and mortgages banks continue to drop or are they at the bottom of this subprime mess? And gold/siler are at or near all time highs – is it too late to get in, or will the dollar continue to decline?
Does anyone else think Google is overpriced?
November 7, 2007 at 9:29 PM #97244ParticipantWhat do the active traders here think – do financials and mortgages banks continue to drop or are they at the bottom of this subprime mess? And gold/siler are at or near all time highs – is it too late to get in, or will the dollar continue to decline?
Does anyone else think Google is overpriced?
November 7, 2007 at 9:29 PM #97254ParticipantWhat do the active traders here think – do financials and mortgages banks continue to drop or are they at the bottom of this subprime mess? And gold/siler are at or near all time highs – is it too late to get in, or will the dollar continue to decline?
Does anyone else think Google is overpriced?
November 7, 2007 at 9:53 PM #97182HereWeGo
ParticipantNice to see the Asian markets are fully decoupled, what with the Nikkei down 400 or so and the Hang Seng off 1100. Correlation of zippo there, no doubt about it.
Perhaps the Europeans will demonstrate more decoupling during their Thurs. morning session.
November 7, 2007 at 9:53 PM #97243ParticipantNice to see the Asian markets are fully decoupled, what with the Nikkei down 400 or so and the Hang Seng off 1100. Correlation of zippo there, no doubt about it.
Perhaps the Europeans will demonstrate more decoupling during their Thurs. morning session.
November 7, 2007 at 9:53 PM #97252ParticipantNice to see the Asian markets are fully decoupled, what with the Nikkei down 400 or so and the Hang Seng off 1100. Correlation of zippo there, no doubt about it.
Perhaps the Europeans will demonstrate more decoupling during their Thurs. morning session.
November 7, 2007 at 9:53 PM #97261ParticipantNice to see the Asian markets are fully decoupled, what with the Nikkei down 400 or so and the Hang Seng off 1100. Correlation of zippo there, no doubt about it.
Perhaps the Europeans will demonstrate more decoupling during their Thurs. morning session.
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