Market plunge is "going to hurt."
'Consequences' Ahead for the City [New York Sun]
Thanks For Weighing In: Mike Bloomberg
Posted by Bess Levin, Aug 02, 2007, 1:37pm
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Posted by inIT4the$ , Aug 02, 2007 2:07PM
Countrywide:
RUMOUR COUNTRYWIDE CAN'T ROLL THEIR COMMERCIAL PAPER. MBIA HAS
LOTS OF EXPOSURE TO THEM, SO OUR CDS GUYS ARE SAYING MBIA WILL
WIDEN.
the 5yr cds opened up at 175..traded as wide as 250 at 1:00, now is 210 bid
Posted by The Corner , Aug 02, 2007 7:10PM
Bess, in totally unrelated news, you should know that your friend Tim Sykes joined some "Blackhawk Partners" type of commodity trading/PE firm. Verified on Facebook. By posting this, am I considered to be guilty of schadenfredue?