Read it here first: CDO Lust Undercut AAA Success
Last week, we discussed the foolish shift among the monolines from staid Bond insurers to derivative dab blers in Counter-Party Risk. Now...
End of day WTF?! Post
Things that make you go Hmmmmmmmmm: • Except for all the losses, U.S. Banks were wildly profitable last year (Bloomberg) •...
Counter-Party Risk
Get used to hearing that phrase: Counter-Party Risk. You will be hearing a lot of it in the coming year. Its one of the reasons I...
Five Steps to Becoming a Billionaire (Greenspan Method)
This is hysterical: Five Simple Steps to Becoming a Billionaire: The Greenspan Method 1. Become Fed Chairman 2. Lower interest rates...
Cool Tool: Option Pain Calculator
Interesting webtool for visualization of option strike prices: via Option Pain
Mozilo Exit Payday: $110 Million Dollars
Nothing like a combination of reckless lending standards, aggressive stupidity and irresponsible behavior being rewarded. For pushing no...
The Danger from Bear Stearns New CEO
Scarsdale Equities holds a regular luncheon, immortalized in the book The Money Game. I am privileged to occasionally break bread with...
Merrill vs Bear: Two Contestants, No Winners
You may have overlooked this short but fascinating column in Bloomberg yesterday: "Merrill Lynch, founded in 1914, sold hundreds of...