Comments on: IMF Forecasts $945 Billion in Credit Related Losses http://www.nakedcapitalism.com/2008/04/imf-forecasts-945-billion-in-credit.html Sat, 21 Nov 2009 22:38:01 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.nakedcapitalism.com/2008/04/imf-forecasts-945-billion-in-credit.html#comment-6593 Anonymous Wed, 09 Apr 2008 12:11:00 +0000 http://www.nakedcapitalism.com/2008/04/imf-forecasts-945-billion-in-credit-related-losses/#comment-6593 "We're doing great!"<br/>"Talk of any difficulties is out of line!"<br/>"There's some minor frothiness. That's all. In truth, we're doing great!"<br/>"Some of the collateral might be questionable. That's the price of the extraordinary financial innovation that has spawned the greatest financial and economic boom in history."<br/>"The naysayers are wrong. At most, we're talking a few billion of difficulty".<br/>"No more than, say, 25 to 50 billion of difficulty"<br/>"There is not recession. Just a minor blip in the road. At most $50 to $100 billion."<br/>"The estimates of sober, responsible analysts really don't put this difficulty at more than $100 billion or so."<br/>"Thanks to the coordinated actions of central bankers around the world, we've stemmed the difficulties. There's really only $100 to $200 billion of problems and most of that has already been accounted for in various write-offs."<br/>"Estimates now run between $200 to $400 billion. Really a drop in the bucket.<br/>"IMF forecasts $945 billion in credit losses"<br/><br/>What comes next from all the spokespeople and analysts who have such a fine track record in understanding the extent of current difficulties? “We’re doing great!”
“Talk of any difficulties is out of line!”
“There’s some minor frothiness. That’s all. In truth, we’re doing great!”
“Some of the collateral might be questionable. That’s the price of the extraordinary financial innovation that has spawned the greatest financial and economic boom in history.”
“The naysayers are wrong. At most, we’re talking a few billion of difficulty”.
“No more than, say, 25 to 50 billion of difficulty”
“There is not recession. Just a minor blip in the road. At most $50 to $100 billion.”
“The estimates of sober, responsible analysts really don’t put this difficulty at more than $100 billion or so.”
“Thanks to the coordinated actions of central bankers around the world, we’ve stemmed the difficulties. There’s really only $100 to $200 billion of problems and most of that has already been accounted for in various write-offs.”
“Estimates now run between $200 to $400 billion. Really a drop in the bucket.
“IMF forecasts $945 billion in credit losses”

What comes next from all the spokespeople and analysts who have such a fine track record in understanding the extent of current difficulties?

]]> By: Anonymous http://www.nakedcapitalism.com/2008/04/imf-forecasts-945-billion-in-credit.html#comment-6578 Anonymous Wed, 09 Apr 2008 04:24:00 +0000 http://www.nakedcapitalism.com/2008/04/imf-forecasts-945-billion-in-credit-related-losses/#comment-6578 Re: "<br/>Winners have those dollars lent and spent. "<br/><br/>Yes, go ask Greenspan and his fellow whores at the hedge fund that have made billions of this frothy ittle housing mkt bubble! It isnt a conflict of interest, it's a crime! Re: “
Winners have those dollars lent and spent. “

Yes, go ask Greenspan and his fellow whores at the hedge fund that have made billions of this frothy ittle housing mkt bubble! It isnt a conflict of interest, it’s a crime!

]]> By: Anonymous http://www.nakedcapitalism.com/2008/04/imf-forecasts-945-billion-in-credit.html#comment-6574 Anonymous Wed, 09 Apr 2008 03:30:00 +0000 http://www.nakedcapitalism.com/2008/04/imf-forecasts-945-billion-in-credit-related-losses/#comment-6574 The IMF is wrong. That $945 billion is not lost. <br/><br/>Those on the right side of bets walked away $945 billion richer.<br/><br/>Winners have those dollars lent and spent. <br/><br/>Folks borrowed those $945 billion and with it, paid for real things like houses and big-screen TVs. That money went into the pockets of othres.<br/><br/>To say that $945 billion up and vanished as if someone ripped up the dollar bills reveals idiocy.<br/><br/>The winners might have bet on commodities, bought yachts or drugs and hookers. The IMF is wrong. That $945 billion is not lost.

Those on the right side of bets walked away $945 billion richer.

Winners have those dollars lent and spent.

Folks borrowed those $945 billion and with it, paid for real things like houses and big-screen TVs. That money went into the pockets of othres.

To say that $945 billion up and vanished as if someone ripped up the dollar bills reveals idiocy.

The winners might have bet on commodities, bought yachts or drugs and hookers.

]]> By: eh http://www.nakedcapitalism.com/2008/04/imf-forecasts-945-billion-in-credit.html#comment-6566 eh Tue, 08 Apr 2008 21:11:00 +0000 http://www.nakedcapitalism.com/2008/04/imf-forecasts-945-billion-in-credit-related-losses/#comment-6566 At least one person thinks MS is <a HREF="http://boombustblog.com/component/option,com_myblog/show,Reggie-Middletons-Morgan-Stanley-Forensic-Analysis-and-Economic-Profit-Report-Part-II.html/Itemid,20/" REL="nofollow">the 'riskiest bank on the street'.</a> At least one person thinks MS is the ‘riskiest bank on the street’.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/04/imf-forecasts-945-billion-in-credit.html#comment-6559 Anonymous Tue, 08 Apr 2008 19:45:00 +0000 http://www.nakedcapitalism.com/2008/04/imf-forecasts-945-billion-in-credit-related-losses/#comment-6559 ``We have all to be a *little bit humble* on the analysis of the crisis, because it has been a very, very complex crisis.''<br/><br/>Is that nice talk for "eat crow?"<br/><br/>A "little bit humble" is probably a stretch for these guys. “We have all to be a *little bit humble* on the analysis of the crisis, because it has been a very, very complex crisis.”

Is that nice talk for “eat crow?”

A “little bit humble” is probably a stretch for these guys.

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