tag:blogger.com,1999:blog-4921988708619968880.post6634303244184218793..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: Debt Rattle, March 26 2008: Back to the chopping blockIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-4921988708619968880.post-40796693378881921812008-03-27T03:54:00.000-04:002008-03-27T03:54:00.000-04:00WOOT!FGIC: mortgage losses exceed legal limits Bon...WOOT!<BR/><BR/><B>FGIC: mortgage losses exceed legal limits</B> <BR/><BR/>Bond insurer FGIC Corp said on Wednesday that its exposure to mortgage losses exceeded legal risk limits and it may raise loss reserves due to litigation related to stricken German bank IKB.<BR/><BR/>FGIC, the parent of bond insurer Financial Guaranty Insurance Co, earlier this month filed a lawsuit accusing German Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-80100808215552780332008-03-26T23:06:00.000-04:002008-03-26T23:06:00.000-04:00Please check out this list of hyperlinks on Fortun...Please check out this list of hyperlinks on Fortune website... nothing seems to be doing fine!!<BR/><BR/>Daily Briefing<BR/>* Lehman cutting back<BR/>* MBIA shrugs off default bets<BR/>* Pressure builds at Fannie Mae<BR/>* Washington Mutual melting down<BR/>* Time running out for Thornburg<BR/><BR/>I may add<BR/>* Financial system breaking down<BR/>* Bernanke is sued for Bear dealAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-37427393831367552922008-03-26T17:41:00.000-04:002008-03-26T17:41:00.000-04:00Did you see Bush's photo-op at a tech factory, the...Did you see Bush's photo-op at a tech factory, the workers posing rigid, expressionless, as if terrified. Bush's nonchalant statements about a rough patch and the economy will coming roaring back stronger than ever!He clearly thinks its all the consumers fault for not spending enough. Jeez, what are the neocons up to here...?scandiahttps://www.blogger.com/profile/07924260428840006237noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-17855904753574595602008-03-26T15:37:00.000-04:002008-03-26T15:37:00.000-04:00Often you can tell how the MSM will frame issues i...Often you can tell how the MSM will frame issues in the following year, by seeing what books publishers are buying this year:<BR/><BR/><A HREF="http://www.latimes.com/business/la-et-bizbooks26mar26,1,2577826.story" REL="nofollow">Book publishers are bullish on the economy</A> <BR/><BR/>"The message, said Grand Central publisher Rick Wolff, is that "these problems aren't going away, and it's not Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-5807108634632773072008-03-26T12:49:00.000-04:002008-03-26T12:49:00.000-04:00Citigroup slams Bank of England for risking damage...<I> Citigroup slams Bank of England for risking damage to real economy </I><BR/><BR/><BR/> I find C's newfound concern for the real economy touching, but not particularly sincere given their role in burying us in all of this funny money that is now unwinding.<BR/><BR/> Bankruptcy for you, C, and all like you, 'cause it's the only way anyone will believe the valuations on securities, and that will.https://www.blogger.com/profile/03915219261001181341noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-54115973275491144252008-03-26T11:48:00.000-04:002008-03-26T11:48:00.000-04:00So, an interesting thought about the ABCP cram-dow...So, an interesting thought about the ABCP cram-down release: could the investors who vote against the work-out but whose rights are released by the investors voting for the work-out then sue those investors for the losses that result from the forced release? I'll bet some crafty lawyer-type could come up with causes of action to support such a claim. At a minimum, the investors forcing the Rickhttps://www.blogger.com/profile/14724736418456262462noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-26326765822352277652008-03-26T11:39:00.000-04:002008-03-26T11:39:00.000-04:00Any estimate as to how many of the 1,600 investors...Any estimate as to how many of the 1,600 investors in ABCP are small investors, say under $1m? <BR/><BR/>If they number more than 800, they should be able to block the restructuring until they get better terms.<BR/><BR/>I don't think that the large creditors would object to some accomodation with the small investors if the alternative was the collapse of the restructuring.weathermanhttps://www.blogger.com/profile/11085626422109870715noreply@blogger.com