lig's Profile
Comments
Entry: Adventures In Absurdly Unfounded, Highly Suspect Rumors
posted by lig
Oct 09, 2008 5:37PM
can someone explain how much of a multiplier effect there is in Lehman CDS? In other words, was there 100B in Lehman bonds and 400B in CDS payouts if the bonds defaulted? Iow, what is the relationship between Lehman bond issues and the expected CDS payout size?
If the govvie could pay off the bondholders would it reverse the default and halt the CDS payouts? Would it be cheaper than dealing with the counterparty defaults and overall mess we have now?
Entry: Caption Contest Monday: Only The Von Trapp Family Can Save Us Now
posted by lig
Oct 20, 2008 12:56PM
No way can Spitzer, or whoever, find me here!
Entry: Caption Contest Wednesday
posted by lig
Oct 29, 2008 11:40AM
Let's see, can't find my name in the obits. Guess I have to go to work again today.
Entry: Caption Contest Friday
posted by lig
Oct 31, 2008 11:57AM
hmm, if we melt this down it might cover the annual fee on our Merrill account...nah, commodities got crushed, too late.
Entry: Caption Contest Friday
posted by lig
Oct 31, 2008 12:07PM
This is Dylan Ratigan reporting live from the bull with my Flip video recorder, "whaddya got Charlie??!"
Entry: Have Fun Storming The Citadel (Part II)
posted by lig
Nov 07, 2008 9:56AM
"Oh, I'm sure we're completely safe." - Charles Grodin's character while being shot at from a helicopter in Midnight Run
Entry: Caption Contest Wednesday
posted by lig
Nov 19, 2008 9:09PM
Today we will be looking at a disturbing new trend - whores who suddenly turn orange.
Entry: The New Treasury Secretary
posted by lig
Nov 22, 2008 10:12AM
caption: I will come at this recession like a spider monkey!!
Entry: Citi Tries To Figure Out How To Make This Thing Work
posted by lig
Nov 22, 2008 2:11PM
Put a "Daily Planet" sign on top of the building and hope that Superman comes. Maybe he can do that time reversing trick that will allow citi to make better decisions in the past.
Entry: Adventures In Absurdly Unfounded, Highly Suspect Rumors
posted by lig
Oct 09, 2008 3:26PM
would it be cheaper to just make the debt whole?