Archive - Aug 26, 2009 - Blog entry
Holy Halabi! Worst Caisse Scenario?
Submitted by Leo Kolivakis on 08/26/2009 22:39 -0500The first thing that went through my mind is who is Simon Halabi? The second thing that went through my mind is who is the idiot at the Caisse that structured this deal? I mean who would agree to terms where the Caisse would hold the junior portion of a 1.45 billion- pound loan?
Something really stinks with this deal and I suspect there is a lot more to this than what we know.
Those Who Fail to Learn From History...
Submitted by Anal_yst on 08/26/2009 16:26 -0500Because nothing bad could ever possibly come of this...
On Fannie and Freddie Common
Submitted by Bruce Krasting on 08/26/2009 10:20 -0500The silliness in junk stocks continues. What's a fair price for the Agency common? The Pref stock pricing suggests it's about 50 cents. Go figure
Long Term Treasury Yields: Someone Is Going To Be Wrong
Submitted by thetechnicaltake on 08/26/2009 00:12 -0500Long term Treasury yields have not discounted the economic recovery, and in fact, yields on the 10 year Treasury have a high likelihood of heading lower. Equities have discounted a strong economic recovery. This divergence won't persist for long.
