Comments on: Financial Worries on Front Burner: S&P Downgrades Big Brokers, Says Outlook "Predominantly Negative" http://www.nakedcapitalism.com/2008/06/financial-worried-on-front-burner-s.html Sun, 22 Nov 2009 16:41:41 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Tom Lindmark http://www.nakedcapitalism.com/2008/06/financial-worried-on-front-burner-s.html#comment-8885 Tom Lindmark Tue, 03 Jun 2008 04:55:00 +0000 http://www.nakedcapitalism.com/2008/06/financial-worries-on-front-burner-sp-downgrades-big-brokers-says-outlook-predominantly-negative/#comment-8885 Hey next wave,<br/><br/>I don't know the answer to your question. I do think, however, that it's going to be a big issue. The Alt-A's and Option ARMs haven't even begun to reset. For lack of more information here's a link to some graphs that illustrate the issue-http://blog.metro-real-estate.com/?p=304.<br/><br/>As for the bank downgrades. It was pretty sobering. I've been trying not to drink the kool aid but have to admit that I was starting to feel better about the financials. Now I have to go to bed and fret some more. Hey next wave,

I don’t know the answer to your question. I do think, however, that it’s going to be a big issue. The Alt-A’s and Option ARMs haven’t even begun to reset. For lack of more information here’s a link to some graphs that illustrate the issue-http://blog.metro-real-estate.com/?p=304.

As for the bank downgrades. It was pretty sobering. I’ve been trying not to drink the kool aid but have to admit that I was starting to feel better about the financials. Now I have to go to bed and fret some more.

]]> By: The_Next_Wave_of_Default http://www.nakedcapitalism.com/2008/06/financial-worried-on-front-burner-s.html#comment-8883 The_Next_Wave_of_Default Tue, 03 Jun 2008 01:21:00 +0000 http://www.nakedcapitalism.com/2008/06/financial-worries-on-front-burner-sp-downgrades-big-brokers-says-outlook-predominantly-negative/#comment-8883 Modestly Off-Topic...<br/><br/>As the subprime crisis began to emerge, and the RMBS of subprime began to discount the lower prices of the securitization pools, Markit.com published their history of the ABX Indexes: http://www.markit.com/information/products/category/indices/abx/history_graphs.html<br/><br/>Does anyone know if there is a similar track record being compiled for the Alt-A RMBS pools? Modestly Off-Topic…

As the subprime crisis began to emerge, and the RMBS of subprime began to discount the lower prices of the securitization pools, Markit.com published their history of the ABX Indexes: http://www.markit.com/information/products/category/indices/abx/history_graphs.html

Does anyone know if there is a similar track record being compiled for the Alt-A RMBS pools?

]]> By: S http://www.nakedcapitalism.com/2008/06/financial-worried-on-front-burner-s.html#comment-8881 S Tue, 03 Jun 2008 00:46:00 +0000 http://www.nakedcapitalism.com/2008/06/financial-worries-on-front-burner-sp-downgrades-big-brokers-says-outlook-predominantly-negative/#comment-8881 The brokers invented earnings in Q and that game is up. Why people make a big deal of the LEH 10-Qis a mystery. It was patently obvious that the company was lying when they announced. Wachovia set a precedent. Lets hope a new generation of leaders emerges to steward these companies. Fuld needs to be shown the door and thrown off the NY Fed board. The fact that he an JAmie DImon sit on that Board in the context of what has recently transpired says it all. The brokers invented earnings in Q and that game is up. Why people make a big deal of the LEH 10-Qis a mystery. It was patently obvious that the company was lying when they announced. Wachovia set a precedent. Lets hope a new generation of leaders emerges to steward these companies. Fuld needs to be shown the door and thrown off the NY Fed board. The fact that he an JAmie DImon sit on that Board in the context of what has recently transpired says it all.

]]>