4 replies to this topic

[tommyt]

will one or all please step forward and admit they are holding a bunch of worthless paper, so we can flush to the 200d MA (12,800)?? then a more meaningful bounce take place.

http://s117.photobuc...ynch.jpg.pngMER

http://s117.photobuc...hmanBros.jpgLEH

http://s117.photobuc...arSterns.jpgBSC

http://s117.photobuc...dmanSachs.jpgGS

Edited by tommyt, 14 August 2007 - 12:34 PM.

[ogm]

will one or all please step forward and admit they are holding a bunch of worthless paper, so we can flush to the 200d MA (12,800)?? then a more meaningful bounce take place.

http://s117.photobuc...ynch.jpg.pngMER

http://s117.photobuc...hmanBros.jpgLEH

http://s117.photobuc...arSterns.jpgBSC

http://s117.photobuc...dmanSachs.jpgGS

How do you define worthless.... or how do you define what its worth ? thats the biggest issue here.

If you're holding paper that you're receiving payments on on time, but at the same time if you try to sell it you get bids 20 cents on the dollar.....

[tommyt]

apparently subprime paper doesn't have much of a bid about now...not sure its worthless, but how about disclosing it and clear the air.

[OEXCHAOS]

Yeah, I am thinking that there's a fund being made right now to buy those sub primes and a special crew put together to do "work outs" with those who get into trouble. If they get them for pennies on the $, there's a lot of juice to work with. M

[mss]

Yeah, I am thinking that there's a fund being made right now to buy those sub primes and a special crew put together to do "work outs" with those who get into trouble.

If they get them for pennies on the $, there's a lot of juice to work with.

M

Folks, have you bought any YIELD OPTIMIZATION NOTES yet?
mss