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Evil, Vicious, Smelly, Satan-Worshipping CDS Speculators Take South Korea CDS 6 Bps Wider To 84
You see it wasn't North Korean torpedoes, it was the South Korea Sovereign Destabilization Fund, LLC. Its principals are all about to be exiled by the SEC to St. Helena for life.
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Quick, somebody unplug the WOPR.
"Evil, Vicious, Smelly, Satan-Worshipping CDS Speculators Take South Korea CDS 6 Bps Wider To 84"
Tyler, call me whatever vile names you wish but I do not smell. My odorific emanations are utterly...er...udderly exquisite.
And what about the rumour of your flatulence?
I trust is it "unsubstantiated"!:)
I stink good...er...well!
I'm wondering why you're not reporting on AMBAC CDS being triggered
(not related to this Korean debacle, but still).
It was a slow-mo trainwreck in the last few days, but now it's a credit event.
Good point: Determinations Committee asked to rule on AMBAC credit event.
ABK has been 60/65% upf for a while now so from a MTM perspective there us little impact. The big fear/issue now is what are deliverables and how the segregation will affect any non-segregated deals...could be some nasty contagion...MBI is actually a little tighter today after being dragged wider recently (but this could be some techncials from IG9 compression)...
Wait I thought actions taken by the Office of the Commissioner of Insurance may trigger a credit event under ISDA, but a credit event hasn't bee declared yet by ISDA
Like Dr. Evil, these damn hedge funds now have their own submarines. Russian surplus...I hope they can read the instruction manuals.
LOL
You can buy just about anything from the local Russian Army/Navy surplus store.
"NOW you've gone and done it. I said to push THAT button, not this button. Up periscope! Let's see what kind of mess you've got us into because of your stupidity. Oh shit, someone call the bond desk, pronto."
I said periscope, not the hatch! You fools!!
Point is that it was a "maybe" language before :p
now it's a definite yes
"Ambac CDS payments triggered by reg seizure-ISDA"
NEW YORK, March 26 (Reuters)
http://www.reuters.com/article/idUSN2613992520100326
thanks
I think that it's just manipulation. Any time any precious metal goes down it's manipulation, and any time that the stock market goes up it's manipulation.
Why not South Korea's CDS too?
Master Baiting is a form of manipulation too.
Now now MsCreant, it's not nice to poke sticks at the money monkey when he's busy Master Baiting.
You just made my friday afternoon! :)
ya got a little twisty mind there, ms
Perhaps then you have a good theory why gold flies around $1100 like it is an strange attractor.
Now this was funny Tyler.
This is peanuts compared to what happened to Iceland a while back. Maybe banking institutions really are more dangerous than standing armies...
I have asked this any number of times but where can I find the info on these spreads?
St. Helena is not a bad place at all. I wouldn't mind much being exiled there.
probably the best place to be for the next decade
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