I.O.U.S.A. Movie Trailer
Looks like my kind of flick . . . Official site: IOUSA the Movie http://www.iousathemovie.com/
Quote of the Day: James Grant
James Grant observes: “Mr. And Mrs. America, we predict, will shortly disappoint their hundreds of millions of fans and economic...
Second, Larger Wave of Mortgage Defaults Coming
courtesy of NYT > Quite an instructive chart — Its pretty obvious that late 2006 early 2007 was when something unusual began in...
Suing, Threatening Analysts
Remember this idiocy? Top US analyst hits back after death threats over Citigroup downgrade It was exactly 9 months ago. What has that...
Roubini: $2 Trillion in Debt Losses
Nouriel Roubini: Barron’s: Unfortunately for the rest of us, you have a pretty good track record. How much more misery lies ahead?...
Bank CEOs: I Said WHAT ?
Via Portfolio, comes this list of great CEOs quotes: 1. John Thain, Merrill Lynch "We’re very confident that we have the...
What Vintage Was That?
My last Merrill post until the next big writedown (or investigation / indictment): The Merrill sale involved "U.S. super senior ABS...
Actual Merrill CDO Sale: 5.47% on the Dollar
An active trader pointed us to this very familiar looking off-balance sheet shenanigan found in the following paragraph regarding...
Merrill’s $5.7B Write-Down, $8.5B Share Issuance
I’m on an earlier than usual train home today, to take the missus out to dinner (she just flew back into NY today). Change at...