They claim they invested in the AAA , which still shows as trading in the high 90's. So how the f*** did they lose all the $. the good Index Series Version Coupon RED ID Price High Low ABX-HE-AAA 07-1 7 1 9 0A08AHAC6 95.23 100.09 95.23 ABX-HE-AAA 06-2 6 2 11 0A08AHAB8 96.29 100.12 95.67 ABX-HE-AAA 06-1 6 1 18 0A08AHAA1 99.10 100.38 99.10 the dogshit ABX-HE-BBB 06-2 6 2 133 0A08AIAB6 55.00 100.59 55.00 ABX-HE-BBB- 06-2 6 2 242 0A08AOAB3 49.09 100.94 49.09
Hey Puddle look out the sky is falling, the sky is falling. Time for you to get into your daddy's nuclear bunker and, well stay there !!!
i love life. things aint so bad. especially when i read this news. hang on just let me pick myself up off the kitchen floor. no no no no i cant take it. hahahahahahahahahahahahahahahahhahahahahahha. wait whats this bernanke says subprime is not a threat to the broader markets. hahahahahahahahahahahahahahahahahahahahahahahah. oh he is speaking today as well. hahahahahahahahahahahahahahahahahahahahahahahahahaha
click on the symbol and you will see the 6 mth chrt. The prices have tanked for all indices over the last week. Looks like they pulled bids to squeeze BSC funds. @ 20 to 1 it doesn't take a HUGE move to wipe out a fund.
BSC Letter To Hedge Fund Clients http://online.wsj.com/public/resources/documents/WSJ071707_Bear_Stearns_Co.pdf
two questions a. this stuff is only otc derivatives at the moment not something one can trade in the futures market ? b. is it greed of the OPM syndrome or lack of transparency that has lead the way to ruin for some funds ?
OH, uncle BEN is speaking, today ? Oppppssssss......SHORT SQEEZE ALARM !!!! You must be kidding. Uncle Ben still thinks that inflation is the more serious threat to the economy. IF the BSC debacle isn't a wake-up call, I don't know what will be.