Comments on: Shocking CDO Loss Estimate Precedent – 90% Loss! http://mrmortgage.ml-implode.com/2008/07/25/shocking-cdo-write-down-precedent-90-loss/ Your personal tour guide through the housing finance "misinformation maze". Thu, 14 May 2009 13:28:04 -0400 http://wordpress.org/?v=2.8.1 hourly 1 By: Graphs - Not Laughs - From the FDIC Report « Your Mortgage or Your Life http://mrmortgage.ml-implode.com/2008/07/25/shocking-cdo-write-down-precedent-90-loss/comment-page-1/#comment-4960 Graphs - Not Laughs - From the FDIC Report « Your Mortgage or Your Life Wed, 27 Aug 2008 17:54:55 +0000 http://mrmortgage.ml-implode.com/?p=206#comment-4960 [...] CDO loss provisions as high as 90% of total value? [...] [...] CDO loss provisions as high as 90% of total value? [...]

]]> By: Mr. Mortgage’s Guide to the TRUTH! » Merrill CDO’s - ‘They Knew What They Were Doing’ http://mrmortgage.ml-implode.com/2008/07/25/shocking-cdo-write-down-precedent-90-loss/comment-page-1/#comment-3846 Mr. Mortgage’s Guide to the TRUTH! » Merrill CDO’s - ‘They Knew What They Were Doing’ Thu, 31 Jul 2008 05:15:36 +0000 http://mrmortgage.ml-implode.com/?p=206#comment-3846 [...] is not the truth.  The truth is that Merrill’s marks are very similar to National Australia Banks write-down earlier this week and other banks with similar holdings will likely have to write down their [...] [...] is not the truth.  The truth is that Merrill’s marks are very similar to National Australia Banks write-down earlier this week and other banks with similar holdings will likely have to write down their [...]

]]> By: Marc Authier http://mrmortgage.ml-implode.com/2008/07/25/shocking-cdo-write-down-precedent-90-loss/comment-page-1/#comment-3629 Marc Authier Mon, 28 Jul 2008 10:13:38 +0000 http://mrmortgage.ml-implode.com/?p=206#comment-3629 The Emperor has no clothes and no brains. KKR is trying to sell its stock crap today. -50% guaranteed like Blackstone Group. KKR will probably find a really stupid chineese sovereign fund to buy the LBO specialist shit. Time to buy buy buy. The Emperor has no clothes and no brains. KKR is trying to sell its stock crap today. -50% guaranteed like Blackstone Group. KKR will probably find a really stupid chineese sovereign fund to buy the LBO specialist shit. Time to buy buy buy.

]]> By: Paranoid http://mrmortgage.ml-implode.com/2008/07/25/shocking-cdo-write-down-precedent-90-loss/comment-page-1/#comment-3609 Paranoid Mon, 28 Jul 2008 01:03:37 +0000 http://mrmortgage.ml-implode.com/?p=206#comment-3609 It's not getting headlines because remember it's very close to a crime in this country to question a bank's condition. However, it's not a problem to question the value of a CDO, since nobody knows what they are anyway. In this light, it's getting a lot of press. It's in the European press, Canada, and I have come across it 7-8 times in the US. It's no secret; boys and girls. It's either going to get bigger or smaller on Monday. The little kid has finally said: The King has no clothes. I think it likely the surrounding adults: FDIC FSLIC FED etc Will grab the kid slap him silly and say: yes he does. The issue is what the crowd does, and thats likely to be very quiet. It’s not getting headlines because remember it’s very close to a crime in this country to question a bank’s condition. However, it’s not a problem to question the value of a CDO, since nobody knows what they are anyway. In this light, it’s getting a lot of press. It’s in the European press, Canada, and I have come across it 7-8 times in the US. It’s no secret; boys and girls. It’s either going to get bigger or smaller on Monday. The little kid has finally said: The King has no clothes. I think it likely the surrounding adults: FDIC FSLIC FED etc Will grab the kid slap him silly and say: yes he does. The issue is what the crowd does, and thats likely to be very quiet.

]]> By: Carl http://mrmortgage.ml-implode.com/2008/07/25/shocking-cdo-write-down-precedent-90-loss/comment-page-1/#comment-3513 Carl Sat, 26 Jul 2008 03:08:24 +0000 http://mrmortgage.ml-implode.com/?p=206#comment-3513 Actually, the story has been on Bloomberg, and CNBC was talking about it this morning as well. This article is being quoted fairly widely today, but it could take more time before it really sinks in.... http://www.businessspectator.com.au/bs.nsf/Article/NAB-will-shock-Wall-Street-GV4M7?OpenDocument&src=stf Actually, the story has been on Bloomberg, and CNBC was talking about it this morning as well.

This article is being quoted fairly widely today, but it could take more time before it really sinks in….

http://www.businessspectator.com.au/bs.nsf/Article/NAB-will-shock-Wall-Street-GV4M7?OpenDocument&src=stf

]]> By: EternalOptimist http://mrmortgage.ml-implode.com/2008/07/25/shocking-cdo-write-down-precedent-90-loss/comment-page-1/#comment-3500 EternalOptimist Fri, 25 Jul 2008 23:30:49 +0000 http://mrmortgage.ml-implode.com/?p=206#comment-3500 There is no more room under the rug! There is no more room under the rug!

]]> By: Jim T http://mrmortgage.ml-implode.com/2008/07/25/shocking-cdo-write-down-precedent-90-loss/comment-page-1/#comment-3492 Jim T Fri, 25 Jul 2008 21:31:02 +0000 http://mrmortgage.ml-implode.com/?p=206#comment-3492 Hey Everyone, Mr. Mortgage is right, this story is getting swept under the rug in the U.S. Press. I don't see it on Bloomberger, WSJ, CNN, or CNBC. It just seems to be getting coverage Down Under in Australian news papers. Does anybody have connections at the U.S. press level to get this story out? Isn't it about time we make the Banks come clean? Contact Ron Paul, Jim Bunning or anyone that can make sure this DOES NOT GET SWEPT UNDER THE RUG! Hey Everyone,

Mr. Mortgage is right, this story is getting swept under the rug in the U.S. Press. I don’t see it on Bloomberger, WSJ, CNN, or CNBC. It just seems to be getting coverage Down Under in Australian news papers. Does anybody have connections at the U.S. press level to get this story out? Isn’t it about time we make the Banks come clean? Contact Ron Paul, Jim Bunning or anyone that can make sure this DOES NOT GET SWEPT UNDER THE RUG!

]]> By: Jim T http://mrmortgage.ml-implode.com/2008/07/25/shocking-cdo-write-down-precedent-90-loss/comment-page-1/#comment-3488 Jim T Fri, 25 Jul 2008 21:08:23 +0000 http://mrmortgage.ml-implode.com/?p=206#comment-3488 Go Figure! It took American Banks, Wall Street, Rating Agencies and U.S. Federal Regulators to load the cannon that will fire the shot that mortally wounds the world wide economy, but it took an Australian Bank to finally pull the trigger! Go Figure! It took American Banks, Wall Street, Rating Agencies and U.S. Federal Regulators to load the cannon that will fire the shot that mortally wounds the world wide economy, but it took an Australian Bank to finally pull the trigger!

]]> By: Carl http://mrmortgage.ml-implode.com/2008/07/25/shocking-cdo-write-down-precedent-90-loss/comment-page-1/#comment-3484 Carl Fri, 25 Jul 2008 20:12:16 +0000 http://mrmortgage.ml-implode.com/?p=206#comment-3484 Something that really put a bee in my bonnet the other day. Good old Sheila Bair, bitching and moaning about how the "blogs were just getting so out of control"!! Can you believe it?!!! Dear Sheila--NEWSFLASH---I bet a chunk of your depositer base would have been a WHOLE lot happier-(and richer today) if they had known of the blogs, and gotten the TRUTH!! They would have been able to look at the numbers, the recent news on IMB, and draw the conclusion for themselves to get their money the hell up outta Indy Mac DAYS ahead of you taking the bank down. Is it really any WONDER that the public has ZERO trust in what the government and agencies like yours are saying day in, day out?? All we get are lies, half-truths, and spin, spin, SPIN when the whole mess is in far worse shape than the unsuspecting public even knows!! THANK GOD for the blogs. There are a lot of very connected, smart people there that I would trust far and above over the lies we get from the govt. and Mainstream media that is their mouthpiece!! Something that really put a bee in my bonnet the other day.

Good old Sheila Bair, bitching and moaning about how the “blogs were just getting so out of control”!! Can you believe it?!!!

Dear Sheila–NEWSFLASH—I bet a chunk of your depositer base would have been a WHOLE lot happier-(and richer today) if they had known of the blogs, and gotten the TRUTH!! They would have been able to look at the numbers, the recent news on IMB, and draw the conclusion for themselves to get their money the hell up outta Indy Mac DAYS ahead of you taking the bank down.

Is it really any WONDER that the public has ZERO trust in what the government and agencies like yours are saying day in, day out?? All we get are lies, half-truths, and spin, spin, SPIN when the whole mess is in far worse shape than the unsuspecting public even knows!!

THANK GOD for the blogs. There are a lot of very connected, smart people there that I would trust far and above over the lies we get from the govt. and Mainstream media that is their mouthpiece!!

]]> By: Stu http://mrmortgage.ml-implode.com/2008/07/25/shocking-cdo-write-down-precedent-90-loss/comment-page-1/#comment-3472 Stu Fri, 25 Jul 2008 16:37:20 +0000 http://mrmortgage.ml-implode.com/?p=206#comment-3472 Well Mr. M. it appears as though some others have jumped onto this story today. The Business Spectator is now on board with you and your thoughts on this. They are equally calling for "Dramatic Repercussions around the world" As they say "global banks have nowhere near provided for their exposure to US housing loans" It feels as though "It means the cost of bailing out housing exposures to the two mortgage insurers will be so great that it will leave no room to bail out anything else and there are several US banks that are now in big trouble" You look to be right on top of things as usual!!! P.S. If we "Bail Out" Fannie and Freddie too quickly we will have nothing left. Then it starts getting really interesting as the printing presses go into hyper drive and inflation climbs through the roof almost overnight!!! Well Mr. M. it appears as though some others have jumped onto this story today.

The Business Spectator is now on board with you and your thoughts on this. They are equally calling for “Dramatic Repercussions around the world” As they say “global banks have nowhere near provided for their exposure to US housing loans”

It feels as though “It means the cost of bailing out housing exposures to the two mortgage insurers will be so great that it will leave no room to bail out anything else and there are several US banks that are now in big trouble”

You look to be right on top of things as usual!!!

P.S. If we “Bail Out” Fannie and Freddie too quickly we will have nothing left. Then it starts getting really interesting as the printing presses go into hyper drive and inflation climbs through the roof almost overnight!!!

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