Comments on: Merrill’s CDO’s: ‘They Knew What They Were Doing’

By: Merrill unloaded $30.6bn of CDOs « Wall Street Arrow: Market Insights

Merrill unloaded $30.6bn of CDOs « Wall Street Arrow: Market Insights — Thu, 31 Jul 2008 20:25:13 +0000

[...] leads Mr. Mortgage to suspect that other banks with similar holdings will have to have more writedowns as [...]

By: Marc Authier

Marc Authier — Thu, 31 Jul 2008 15:35:54 +0000

The supply of dumb jerks accross the world is infinite Catherine. Don’t worry.

These gangster will find some dumb jerk to buy. Want to knonw: German banks, French credit unions, British mortgages companies, Canadian banks, Quebec pension plan, Russian banks, Stupid arab dictators, stupid iranian dictators, Chineese banks, Chineese mobster, Japaneese insurance companies, UBS assholes and theirs assholes clients and shareholders. etc….. etc …. etc…….The list goes on and on and on and on. That’s what great with securitization. These scumbags could sell the shit and diffuse the crap EVERYWHERE in every crannie of the world financial system. A global ponzi imperial game.

By: catherine

catherine — Thu, 31 Jul 2008 14:33:42 +0000

who bought this crap, my parent’s pension fund? What country will start world war IV over this garbage? Some dummy out there bought this crap and is palming it off on innocents and I want to know who and where………….

By: idrnkurmlkshk

idrnkurmlkshk — Thu, 31 Jul 2008 14:17:20 +0000

This whole country is nothing more than smokey mirrors. I don’t think investors will ever stay away even when they know the truth. I’s a lot like Hollywood and Wall St. Everyone knows the industry is manipulated, but we all still jump in or can’t help but watch.

By: Marc Authier

Marc Authier — Thu, 31 Jul 2008 13:56:18 +0000

Well Miste Cox these were really stupid foreign investors. You are certainly right on these CDO’s tranches Mr. Cox. Stupid foreign investors that still believe in the mystique about the USA financial markets. And these dumb asses keep on coming back for it ! At least for now. That’s what so dramatic. One day foreign investors which an IQ of about 2 when it comes to the USA, will have finally learned something precious, and they will keep their money at home. For good.

By: fedwatcher

fedwatcher — Thu, 31 Jul 2008 09:14:48 +0000

Why should we be surprised? They danced untill the music stopped and the chairs were taken away.
What is realy bad about this latest develompent is that other ‘dancers’ may be forced to take simillar actions before the end of the next quarter which is the end of September.
What will we see before the election?
More importantly, what will we see after the election?
God help the next president.

By: I.C

I.C — Thu, 31 Jul 2008 06:41:17 +0000

Not suprised…why do i get the whole Japanese lost decade vibe with this mess?

By: G Cox

G Cox — Thu, 31 Jul 2008 06:20:27 +0000

As I understand it , the tax payers don’t pay a penny in these cases Marc. The primarily foreign investors just lose all their money.

Request to Mr Mortgage. There is no coverage of the process for mortgages and the associated properties connected with securitised bonds. . Are they being foreclosed. If so who holds them . Are they called REO. Does anyone count them. Are they being sold or are they just sitting there etc.

All the coverage seems to be of what happens to direct mortgages and properties that go directly to the lending bank..

In the case of securitised bonds as I understand it, there is no longer any lending bank in the chain; just a service agent and a trustee entity of some kind.

Thanks.

By: Marc Authier

Marc Authier — Thu, 31 Jul 2008 05:41:20 +0000

Crime pays. The trick is to not get caugh, have a fall guy or straw man to take the blame. Real fine crap. They weren’t quick enough. Anyways the taxpayers will be paying for many many years. I wondered, why only Merrill ? Who is next ?