Archive - May 4, 2009

The Friend-O treatment that secured bondholders seem to be poised to get as a result of the administration's "preferentializing" of unions, may make some of these bids a tad soft in the coming week. Biggest loan movers for this past week below.

source: Loanconnector.com

• BofA and Citi in last push on stress tests, both plan to raise $10 billion in capital (FT)
• General Motors bankruptcy probable as Obama favors UAW over bondholders (Bloomberg)
• How big banks want to game the mortgage mess (WSJ)
• Obama seeks to end tax haven rules that save companies $190 billion (

Early attempts to jam the USD into the stratosphere and recreate the carry trade have failed miserably. Definitely will not be the last time on this late Sunday night/early Monday morning as fat fingered currency traders try to soak up the spilled moccachino from between the keys of their Bloomberg keyboards.

Early attempts to jam the USD into the stratosphere and recreate the carry trade have failed miserably. Definitely will not be the last time on this late Sunday night/early Monday morning as fat fingered currency traders try to soak up the spilled moccachino from between the keys of their Bloomberg keyboards.

Early attempts to jam the USD into the stratosphere and recreate the carry trade have failed miserably. Definitely will not be the last time on this late Sunday night/early Monday morning as fat fingered currency traders try to soak up the spilled moccachino from between the keys of their Bloomberg keyboards.

For all readers interested (and able) in seeing the drama of the most critical bankruptcy since Lehman unwind in real life, the hearing over Chrysler's First Day Motions will be held tomorrow at 10:00 am in New York Bankruptcy Court at 1 Bowling Green, and is open to the general public (do not bring weapons: there is a metal detector for some paranoid reason).