I had lunch with Nouriel on Friday at Mercer Kitchen in Soho, not too far from his NYU offices. We chatted about many things (he gave me...
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Fascinating piece in Barron’s this week on our favorite junk paper: Phoney and Fraudy. A few interesting factoids about the GSEs,...
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Thank you for all of the Cartoons — This was one of the best ones:
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Three terrific charts on Level 3 assets — these are the difficult to trade/value/sell junk. Check out Citi, and Fannie &...
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One final note on our prior discussions of 300 point rallies: The first firm to make note of this (as far as I can tell) was a study by...
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Today’s must read MSM piece is a page one NYT article on how second mortgages — "the borrowing of last resort, to be...
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Here’s something you may not have considered: The massive losses taken by Wall Street Banks and Brokers is going to wipe out their...
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"Blank checks almost always get filled in and cashed," said Stuart Hoffman of PNC Financial Services Group. > Chances...
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