Comments on: Black Hole http://www.ritholtz.com/blog/2008/12/black-hole/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 07:16:03 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: DL http://www.ritholtz.com/blog/2008/12/black-hole/comment-page-1/#comment-133686 DL Tue, 16 Dec 2008 05:57:37 +0000 http://www.ritholtz.com/blog/?p=12817#comment-133686 KJ @ 10:11 Those socialists in Washington may indeed decide to cough up $500K per account. However, my view is that any hedge fund that doesn’t offer complete transparency to the SEC should ineligible for a bailout. And customers of hedge funds should be informed of this. If the SIPC abstains from bailing out any of the Madoff victims, that will help get the message out… no bailout without complete transparency. KJ @ 10:11

Those socialists in Washington may indeed decide to cough up $500K per account. However, my view is that any hedge fund that doesn’t offer complete transparency to the SEC should ineligible for a bailout. And customers of hedge funds should be informed of this. If the SIPC abstains from bailing out any of the Madoff victims, that will help get the message out… no bailout without complete transparency.

]]> By: Mich@TBP http://www.ritholtz.com/blog/2008/12/black-hole/comment-page-1/#comment-133653 Mich@TBP Tue, 16 Dec 2008 03:46:50 +0000 http://www.ritholtz.com/blog/?p=12817#comment-133653 Nevermind the different language, just click on the Ford-like logo and others to keep advancing through the rest of the logos. There are probably same stuff on other sites but this is the one I got. I like the new Apple logo best. http://www18.gazetevatan.com/fotogaleri/resim.asp?kat=6863&page_number=1 Nevermind the different language, just click on the Ford-like logo and others to keep advancing through the rest of the logos. There are probably same stuff on other sites but this is the one I got. I like the new Apple logo best.

http://www18.gazetevatan.com/fotogaleri/resim.asp?kat=6863&page_number=1

]]> By: gloppie http://www.ritholtz.com/blog/2008/12/black-hole/comment-page-1/#comment-133651 gloppie Tue, 16 Dec 2008 03:38:37 +0000 http://www.ritholtz.com/blog/?p=12817#comment-133651 Paulson's Large Hadron Collider is out of control !!!! http://lhc.web.cern.ch/lhc/ Paulson’s Large Hadron Collider is out of control !!!!

http://lhc.web.cern.ch/lhc/

]]> By: Winston Munn http://www.ritholtz.com/blog/2008/12/black-hole/comment-page-1/#comment-133644 Winston Munn Tue, 16 Dec 2008 03:11:44 +0000 http://www.ritholtz.com/blog/?p=12817#comment-133644 I think the black hole just expanded... "Citing “a rapid deterioration of U.S. Alt-A RMBS performance,” Fitch Ratings again took the hatchet to its previous assumptions for Alt-A mortgages on Monday morning, revising its surveillance methodology and updating loss projections for all U.S. Alt-A RMBS. All of which means that it’s time to get ready for a whole new slew of downgrades to Alt-A in the coming few weeks. Fitch warned in its note Monday that it expects that it will downgrade many senior bonds to below investment grade — just in time for fourth quarter earnings." And the hits keep on coming.... I think the black hole just expanded…

“Citing “a rapid deterioration of U.S. Alt-A RMBS performance,” Fitch Ratings again took the hatchet to its previous assumptions for Alt-A mortgages on Monday morning, revising its surveillance methodology and updating loss projections for all U.S. Alt-A RMBS.

All of which means that it’s time to get ready for a whole new slew of downgrades to Alt-A in the coming few weeks. Fitch warned in its note Monday that it expects that it will downgrade many senior bonds to below investment grade — just in time for fourth quarter earnings.”

And the hits keep on coming….

]]> By: KJ Foehr http://www.ritholtz.com/blog/2008/12/black-hole/comment-page-1/#comment-133643 KJ Foehr Tue, 16 Dec 2008 03:11:12 +0000 http://www.ritholtz.com/blog/?p=12817#comment-133643 Looks like Barry is going to need to add a new chapter, or perhaps begin volume two, to cover the bailout of Madoff investors. They are talking about SIPC protection, which I believe is only $500,000 per person. But who expects that to be the end of it when many investors lost millions, even billions of dollars. I expect there will be pressure to bail them all out. I wonder which side Schumer will be on, and how the Republicans will react to this one. http://news.yahoo.com/s/ap/20081216/ap_on_bi_ge/wall_street_arrest_assets Looks like Barry is going to need to add a new chapter, or perhaps begin volume two, to cover the bailout of Madoff investors. They are talking about SIPC protection, which I believe is only $500,000 per person. But who expects that to be the end of it when many investors lost millions, even billions of dollars. I expect there will be pressure to bail them all out. I wonder which side Schumer will be on, and how the Republicans will react to this one.

http://news.yahoo.com/s/ap/20081216/ap_on_bi_ge/wall_street_arrest_assets

]]> By: jc http://www.ritholtz.com/blog/2008/12/black-hole/comment-page-1/#comment-133635 jc Tue, 16 Dec 2008 01:55:18 +0000 http://www.ritholtz.com/blog/?p=12817#comment-133635 So the Fed paid about 50% of face value, just wonder how this price was derived, does Bernanke still think it would be "counterproductive" to have disclosure? Lehman & Iceland banks got about 8% and AIG got 50%! Dec. 15 (Bloomberg) -- American International Group Inc. sold residential mortgage-backed securities with a face value of $39.3 billion to a government-funded facility as the U.S. seeks to limit losses at companies that did business with the insurer. AIG will receive about $19.8 billion for the assets, which were held by the insurer’s securities-lending program, the New York-based firm said today in a statement. The facility was mostly funded by the Federal Reserve Bank of New York, which may collect the majority of profits if it sells assets for more than the purchase price, according to a regulatory filing. The insurer paid $1 billion to the fund, said AIG spokesman Nicholas Ashooh. So the Fed paid about 50% of face value, just wonder how this price was derived, does Bernanke still think it would be “counterproductive” to have disclosure? Lehman & Iceland banks got about 8% and AIG got 50%!

Dec. 15 (Bloomberg) — American International Group Inc. sold residential mortgage-backed securities with a face value of $39.3 billion to a government-funded facility as the U.S. seeks to limit losses at companies that did business with the insurer.

AIG will receive about $19.8 billion for the assets, which were held by the insurer’s securities-lending program, the New York-based firm said today in a statement. The facility was mostly funded by the Federal Reserve Bank of New York, which may collect the majority of profits if it sells assets for more than the purchase price, according to a regulatory filing. The insurer paid $1 billion to the fund, said AIG spokesman Nicholas Ashooh.

]]> By: danm http://www.ritholtz.com/blog/2008/12/black-hole/comment-page-1/#comment-133625 danm Tue, 16 Dec 2008 00:59:41 +0000 http://www.ritholtz.com/blog/?p=12817#comment-133625 I guess the black hole is finally sucking up that dark matter they were talking about in 2005. http://www.cid.harvard.edu/cidpublications/darkmatter_051130.pdf I guess the black hole is finally sucking up that dark matter they were talking about in 2005.

http://www.cid.harvard.edu/cidpublications/darkmatter_051130.pdf

]]> By: CNBC Sucks http://www.ritholtz.com/blog/2008/12/black-hole/comment-page-1/#comment-133615 CNBC Sucks Mon, 15 Dec 2008 23:56:50 +0000 http://www.ritholtz.com/blog/?p=12817#comment-133615 Hey buds. Have any "Madoff with your money" jokes made the rounds yet? I haven't paid a whole lot of attention. I also wonder if writing "Madoff Ritholtz Madoff Ritholtz Madoff Ritholtz" repeatedly will create a totally undeserved but potentially amusing guilt by association. Hey buds.

Have any “Madoff with your money” jokes made the rounds yet? I haven’t paid a whole lot of attention.

I also wonder if writing “Madoff Ritholtz Madoff Ritholtz Madoff Ritholtz” repeatedly will create a totally undeserved but potentially amusing guilt by association.

]]> By: strat575 http://www.ritholtz.com/blog/2008/12/black-hole/comment-page-1/#comment-133611 strat575 Mon, 15 Dec 2008 23:34:20 +0000 http://www.ritholtz.com/blog/?p=12817#comment-133611 Simon, I hear it's all coming out in some laboratory on the France-Switzerland border...weird, right? Simon, I hear it’s all coming out in some laboratory on the France-Switzerland border…weird, right?

]]> By: AGG http://www.ritholtz.com/blog/2008/12/black-hole/comment-page-1/#comment-133609 AGG Mon, 15 Dec 2008 23:20:48 +0000 http://www.ritholtz.com/blog/?p=12817#comment-133609 I read somewher that if you manage to cross the vent horizon of a black hole, it is theoreticaly posibble to travel back in time. That would be profitable. Meanwhile, it's poverty and/or jail for lots of rats. I read somewher that if you manage to cross the vent horizon of a black hole, it is theoreticaly posibble to travel back in time. That would be profitable. Meanwhile, it’s poverty and/or jail for lots of rats.

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