PPIP

  • This is about as dramatic as pictures of Jefferies get

    News

    Federal Prosecutors Don’t Appreciate Former Jefferies Trader’s Vivid Imagination

    The Journal had an article this morning about how cash equities traders are getting used to having computers as coworkers but I say unto you: can a computer do this?1 52. On March 31, 2010, Customer A, an investment adviser to a private fund, asked Jefferies to find buyers for several MBS, including Lehman XS […]

    / Jan 28, 2013 at 5:31 PM
  • Today the blue line reaches zero and the circle of life is complete

    News

    AIG’s Remaining Bailout Reduced To Rounding Error

    A while back I built a spreadsheet to do math about AIG, and it took me a long time and led to basically one short post with what I still think was a rather lovely blobby picture, so I’m just going to shamelessly reuse that spreadsheet with slight updates and be all OOH LOOK AN […]

    / Dec 11, 2012 at 5:47 PM
  • News

    What If No One Came?

    It strikes us that the PPIP plan requires a certain faith by the administration. Specifically, that balance sheets are not actually so underwater that even a 30% subsidy is a hollow gesture. What’s more, how sure is the administration that actual price discovery is something that any of these institutions actually want? Clearly, given the […]

    / Mar 26, 2009 at 5:07 PM
  • News

    Why Does John Paulson Hate The Safecracker?

    Considering he has apparently transformed into a mortgage backed securities bull (in selective cases) it’s interesting to hear that John Paulson doesn’t seem interested in using cheap government leverage and guarantees to participate in the public-private plan to pick up legacy assets, as he told the Times. Why not? We actually have no idea, given […]

    / Mar 25, 2009 at 2:38 PM

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