Comments on: Certain Pimco, Vanguard Funds, Japanese Banks, Biggest Losers on Lehman Bankruptcy (Updated) http://www.nakedcapitalism.com/2008/09/certain-pimco-vanguard-funds-biggest.html Sun, 22 Nov 2009 15:18:28 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.nakedcapitalism.com/2008/09/certain-pimco-vanguard-funds-biggest.html#comment-15501 Anonymous Tue, 16 Sep 2008 11:48:00 +0000 http://www.nakedcapitalism.com/2008/09/certain-pimco-vanguard-funds-japanese-banks-biggest-losers-on-lehman-bankruptcy-updated/#comment-15501 Vanguard funds have very small exposures to LEH. Out of aprox. 120 mutual funds, 18 had exposure to LEH as of June 30. Of these, only 1 - Capital Value - had over 1% of its assets in LEH (1.42%). The next highest is the Adm. Financials Index with .58%. A couple of funds had .38/.39% in LEH. The rest have less than that. This doesn't hurt Vanguard's investors any more than anyone else. Vanguard funds have very small exposures to LEH. Out of aprox. 120 mutual funds, 18 had exposure to LEH as of June 30. Of these, only 1 – Capital Value – had over 1% of its assets in LEH (1.42%). The next highest is the Adm. Financials Index with .58%. A couple of funds had .38/.39% in LEH. The rest have less than that. This doesn’t hurt Vanguard’s investors any more than anyone else.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/09/certain-pimco-vanguard-funds-biggest.html#comment-15380 Anonymous Mon, 15 Sep 2008 21:19:00 +0000 http://www.nakedcapitalism.com/2008/09/certain-pimco-vanguard-funds-japanese-banks-biggest-losers-on-lehman-bankruptcy-updated/#comment-15380 Pimco has over $800 Billion in assets, LEH was less than 1% of that amount. And there will be some recovery, they are worth something. Pimco has over $800 Billion in assets, LEH was less than 1% of that amount. And there will be some recovery, they are worth something.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/09/certain-pimco-vanguard-funds-biggest.html#comment-15353 Anonymous Mon, 15 Sep 2008 16:49:00 +0000 http://www.nakedcapitalism.com/2008/09/certain-pimco-vanguard-funds-japanese-banks-biggest-losers-on-lehman-bankruptcy-updated/#comment-15353 How can the rating agencies be allowed to rate these companies with respect to ability to pay, right up to the moment before collapse!!! How can the rating agencies be allowed to rate these companies with respect to ability to pay, right up to the moment before collapse!!!

]]> By: Anonymous http://www.nakedcapitalism.com/2008/09/certain-pimco-vanguard-funds-biggest.html#comment-15352 Anonymous Mon, 15 Sep 2008 16:40:00 +0000 http://www.nakedcapitalism.com/2008/09/certain-pimco-vanguard-funds-japanese-banks-biggest-losers-on-lehman-bankruptcy-updated/#comment-15352 No problem...the retired don't really need their annuity money anyway. They can fall back on their real estate holdings. :( No problem…the retired don’t really need their annuity money anyway. They can fall back on their real estate holdings. :(

]]> By: Yet Another Canadian Cynic http://www.nakedcapitalism.com/2008/09/certain-pimco-vanguard-funds-biggest.html#comment-15350 Yet Another Canadian Cynic Mon, 15 Sep 2008 16:26:00 +0000 http://www.nakedcapitalism.com/2008/09/certain-pimco-vanguard-funds-japanese-banks-biggest-losers-on-lehman-bankruptcy-updated/#comment-15350 If you want a real story, consider the just released news that AIG the holding company has been given permission to loot its subs by NY state. If you want a real story, consider the just released news that AIG the holding company has been given permission to loot its subs by NY state.

]]> By: tyaresun http://www.nakedcapitalism.com/2008/09/certain-pimco-vanguard-funds-biggest.html#comment-15349 tyaresun Mon, 15 Sep 2008 16:22:00 +0000 http://www.nakedcapitalism.com/2008/09/certain-pimco-vanguard-funds-japanese-banks-biggest-losers-on-lehman-bankruptcy-updated/#comment-15349 Yves,<br/><br/>Is it really Billions? This is what I see on the PIMCO site for PTTRX:<br/><br/>20,000,000.000 94.2310 18,846,200.00 A<br/>85,000,000.000 93.1245 79,155,825.00 A<br/>65,000.000 102.0154 66,310.01 A+<br/>200,000.000 88.5040 177,008.00 A<br/>49,670,000.000 95.6760 47,522,269.20 A+<br/>90,000.000 92.1167 82,905.03 A+<br/>100,000.000 96.7847 96,784.70 A+<br/>14,902,381.820 102.3406 15,251,182.51 AA<br/>141,970,000.000 94.7808 134,560,301.76 A+<br/>105,600,000.000 97.1162 102,554,707.20 A+ Yves,

Is it really Billions? This is what I see on the PIMCO site for PTTRX:

20,000,000.000 94.2310 18,846,200.00 A
85,000,000.000 93.1245 79,155,825.00 A
65,000.000 102.0154 66,310.01 A+
200,000.000 88.5040 177,008.00 A
49,670,000.000 95.6760 47,522,269.20 A+
90,000.000 92.1167 82,905.03 A+
100,000.000 96.7847 96,784.70 A+
14,902,381.820 102.3406 15,251,182.51 AA
141,970,000.000 94.7808 134,560,301.76 A+
105,600,000.000 97.1162 102,554,707.20 A+

]]> By: Anonymous http://www.nakedcapitalism.com/2008/09/certain-pimco-vanguard-funds-biggest.html#comment-15346 Anonymous Mon, 15 Sep 2008 15:59:00 +0000 http://www.nakedcapitalism.com/2008/09/certain-pimco-vanguard-funds-japanese-banks-biggest-losers-on-lehman-bankruptcy-updated/#comment-15346 I just wanted to comment here to thank you for all the solid posts over the last six months, especially regarding LEH, FNM, and FRE. For me, the moment I’m proven right rarely brings as much joy as the angst I go through when I’m besieged with challenges from those mostly filled with nonsense. I'm not sure the words "proven right" are exactly appropriate here in this case, but I hope you understand my meaning. I watched here countless times as your attempts to add to the discussion (rather than make a prediction, really), especially about Lehman's less than forthright pronouncements, have been shouted down.<br/> <br/>Further, after 40 years, it never ceases to amaze me that no matter how many times I’m "proven right" (for lack of a better term), I seem to never get the benefit of the doubt the next time a dispute arises, no matter how much expertise I may have in the area of the dispute. So don’t expect Anonymous on 8/26 or Fred on 8/27 (who was such a jerk that he wouldn’t even admit that his hostility was actually hostility) or all the Lehman supporters throughout the year to ever admit their mistakes or ever acknowledge you have valid points to make in your posts, both in the past and the future. I’m sure they already have dozens of excuses for why they were “right all along.” The human capacity for denial seems unlimited at times.<br/><br/>In any event, I guess I'm just hoping that it helps to know that at least a few people are watching and in the immortal words of Flavor Flav, “know what time it is.” I just wanted to comment here to thank you for all the solid posts over the last six months, especially regarding LEH, FNM, and FRE. For me, the moment I’m proven right rarely brings as much joy as the angst I go through when I’m besieged with challenges from those mostly filled with nonsense. I’m not sure the words “proven right” are exactly appropriate here in this case, but I hope you understand my meaning. I watched here countless times as your attempts to add to the discussion (rather than make a prediction, really), especially about Lehman’s less than forthright pronouncements, have been shouted down.

Further, after 40 years, it never ceases to amaze me that no matter how many times I’m “proven right” (for lack of a better term), I seem to never get the benefit of the doubt the next time a dispute arises, no matter how much expertise I may have in the area of the dispute. So don’t expect Anonymous on 8/26 or Fred on 8/27 (who was such a jerk that he wouldn’t even admit that his hostility was actually hostility) or all the Lehman supporters throughout the year to ever admit their mistakes or ever acknowledge you have valid points to make in your posts, both in the past and the future. I’m sure they already have dozens of excuses for why they were “right all along.” The human capacity for denial seems unlimited at times.

In any event, I guess I’m just hoping that it helps to know that at least a few people are watching and in the immortal words of Flavor Flav, “know what time it is.”

]]> By: Yet Another Canadian Cynic http://www.nakedcapitalism.com/2008/09/certain-pimco-vanguard-funds-biggest.html#comment-15345 Yet Another Canadian Cynic Mon, 15 Sep 2008 15:52:00 +0000 http://www.nakedcapitalism.com/2008/09/certain-pimco-vanguard-funds-japanese-banks-biggest-losers-on-lehman-bankruptcy-updated/#comment-15345 Vanguard Total Bond Market Index: $64 billion in assets, $180 million in Lehman at 2008-06-30<br/><br/>BFD Vanguard Total Bond Market Index: $64 billion in assets, $180 million in Lehman at 2008-06-30

BFD

]]> By: doc holiday http://www.nakedcapitalism.com/2008/09/certain-pimco-vanguard-funds-biggest.html#comment-15343 doc holiday Mon, 15 Sep 2008 15:39:00 +0000 http://www.nakedcapitalism.com/2008/09/certain-pimco-vanguard-funds-japanese-banks-biggest-losers-on-lehman-bankruptcy-updated/#comment-15343 I look forward to the monthly PR/report by Gross, I'm sure it will be entertaining and not point fingers at SIFMA or himself. I wonder who he will point a finger at? I look forward to the monthly PR/report by Gross, I’m sure it will be entertaining and not point fingers at SIFMA or himself. I wonder who he will point a finger at?

]]> By: Yves Smith http://www.nakedcapitalism.com/2008/09/certain-pimco-vanguard-funds-biggest.html#comment-15339 Yves Smith Mon, 15 Sep 2008 15:25:00 +0000 http://www.nakedcapitalism.com/2008/09/certain-pimco-vanguard-funds-japanese-banks-biggest-losers-on-lehman-bankruptcy-updated/#comment-15339 Canadian,<br/><br/>It is not a given that exposures correlate with market share. Vanguard is one of the biggest money market fund managers, yet unlike most of its peers, had no subprime/SIV exposures. Canadian,

It is not a given that exposures correlate with market share. Vanguard is one of the biggest money market fund managers, yet unlike most of its peers, had no subprime/SIV exposures.

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