Archive - Mar 17, 2009
Biggest Prior Day CDS Movers
Submitted by Tyler Durden on 03/17/2009 12:40 -0500Some seriously premature tightening in insurance cos...
Biggest Prior Day CDS Movers
Submitted by Tyler Durden on 03/17/2009 12:40 -0500Some seriously premature tightening in insurance cos...
Matlin Patterson On Verge Of Large Rout
Submitted by Tyler Durden on 03/17/2009 11:58 -0500Even distressed investing legends make horrible decisions. The latest example is Thornburg Mortgage, a single-family residential mortgage lender focusing on "prime and superprime" borrowers, which was saved from bankruptcy last March by a Matlin Patterson-led consortium which executed a global refinancing that saw $1.4 billion of new sub secured notes come in to provide critical operational funding to satisfy margin calls, auction swaps and various other cash needs.
Frontrunning: March 17
Submitted by Tyler Durden on 03/17/2009 11:42 -0500- Credit card issuers choke U.S.
Overallotment: March 16
Submitted by Tyler Durden on 03/17/2009 00:46 -0500- At the heart of the Eastern European inferno: UniCredit SpA (Bloomberg)
- More on MTM manipulation and the stupidity of TALF (Naked Capitalism)
- Cheerleading the losing game: Obama's rating slips (Bloomberg)
- Lazard auctioning two of Lehman's bank units (
Savage Thoughts
Submitted by Tyler Durden on 03/17/2009 00:03 -0500I have spent some time on my IPhone playing Texas Hold’em. This is self-therapy as we all yearn to control the environment even as the rest of the world has spun out beyond our wildest dreams. The one trouble with losing to a computer or worse a phone – is that there is no real benefit or cost.
