Market plunge is “going to hurt.”
‘Consequences’ Ahead for the City [New York Sun]

Comments (2)

  1. Posted by inIT4the$ | August 2, 2007 at 2:07 PM

    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

  2. Posted by The Corner | August 2, 2007 at 7:10 PM

    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?

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