We're just asking, but which German multi-billion dollar SIV is running short of cash? We hear they had a conference call with investors the other day saying that they only had 10 days of liquidity and need a lot more funds in order to avoid defeasance.
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Posted by , Oct 03, 2007 11:06AM
you're not gonna tell us are you? because if you did, i could call my colleagues in berlin and ask what they are hearing.
Posted by asdf , Oct 03, 2007 11:12AM
deutchebank
Posted by , Oct 03, 2007 11:16AM
Okay, I'll go with ... HVM
Posted by nm , Oct 03, 2007 11:17AM
One of the crappy HRE funds!
Posted by girlygirl , Oct 03, 2007 11:23AM
probably Rhinebridge.
Posted by , Oct 03, 2007 11:28AM
eh these are all going to hit their defeasance events -- enforcement events is when noteholders should start worrying
AAA spreads have firmed up - shouldnt be a problem selling those assets for cash
Posted by Pollyanna , Oct 03, 2007 11:32AM
This is a non-issue, I read somewhere that the credit crunch was history.
Posted by Pollyanna , Oct 03, 2007 11:33AM
This is a non-issue, I read somewhere that the credit crunch was history.
Posted by The Salmon Fondler , Oct 03, 2007 11:34AM
Glad to see DB writing off $3.1 billion......if they'll write off $2.9 billion more I'd say we're even.
Posted by , Oct 03, 2007 11:46AM
We can easily check if they said anything like that in their conference call ... if you tell us the name. But if you told us the name then you would be jeopardizing your chance to pen an exclusive, earth shattering, breaking, truth-telling, news article.
Posted by Give-up Agreement , Oct 03, 2007 11:50AM
Hummm.... There are other German banks aside from Douchebank. I have no knowledge about this, but I'm gonna guess WestLB - entirely because I don't like certain people there. Schadenfreude ist gut!
Posted by Arbeit Mach Frei , Oct 03, 2007 12:07PM
Biggest German SIVs? K2 (Dresdner), Harrier (WestLB), Rhinebridge (IKB), Ormand Quay (Sachsen)...Will they pay reparations to investors??????????????
Posted by mossad , Oct 03, 2007 12:59PM
woah is there a nazi in our midst?
Posted by j , Oct 03, 2007 2:01PM
West LB
Posted by JT , Oct 03, 2007 2:26PM
generally I wouldn't care but the Auschwitz reference just doesn't sit right with me...
Posted by b , Oct 03, 2007 5:11PM
You can take the Germans out of Nazi Germany , but you can't take the Nazis out of the German soul
Posted by b , Oct 03, 2007 5:12PM
You can take the Germans out of Nazi Germany , but you can't take the Nazis out of the German soul
Posted by , Oct 04, 2007 3:30PM
HSH Nordbank