Christine S. Richard, thats funny I emailed her many times in Dec 2007 and Jan 2008 about the problems on MBIA and Channel Re(that I learned from Ackman) in the hopes she would be brave enough to put it out, looks like she was a bit slow though Btw, I'm thinking of shorting these guys again, stock rallied big
S&P is the first to junk Greece. As I understand all 3 agencies need to junk it in order for it to violate the ECB collateral criteria http://www.cnbc.com/id/36802555
Daal, mate, what you're seeing is fecal matter coming in contact with a piece of air-moving equipment. And yes, they're still eligible for the ECB until Moody's goes. We're back in the end-of-the-world territory in Europe...
Back month ge is doing fine. If libor is blowing out, it is just temporary. The dec and mar calls should be fine.
ZQ is safer. I got half of my position in, might put the rest if I like the statement tomorrow. The back is fine because the backs ZQs are going to the moon and are offsetting libor issues
Trichet better announce looser collateral ratings soon, otherwise people will withdraw deposits first and ask questions later
Cute. If libor is blown out a year from now, the value of my ge calls will be the least of my worries.
I agree with this to some extend but I seem to recall you being a fan of timing GE calls. Swaping to ZQ is switching from synthetic long Greece/EU to being neutral