Recent content by naeron

I have attached introduction to the covered bonds...

I am kind of thinking initiating coverage on Financials and see when can I buy them. I will wait for the bottom which is yet to come, and then buy these goddamn investment bank stocks again .. btw the new kid on the block will be "Covered Bonds" lemme know if you guys need introductory...

About 3 million U.S. borrowers have Alt-A mortgages totaling $1 trillion, compared with $855 billion of subprime loans outstanding, according to Inside Mortgage Finance, a trade publication in Bethesda, Maryland. Of the Alt-A borrowers, 70 percent may have exaggerated their income, said David...

This recession color from Mr Buffet did evoked a lot of emotional response. This time recession is different. This time healing will be slow

In a nutshell, yes, but not in the way the industry hopes. In a Financial Times article. Gillian Tett files a somewhat dumbfounded report from the European Securitization Forum in Cannes. While the event has gone wildly downscale from last year's bash, the participants were hopeful that the...

Could this legal squabble between Merrill and SCA have implications for billions of dollars of CDOs? The squabble is a lawsuit filed by monoline SCA against Merrill Lynch. Merrill Lynch had already filed a lawsuit against SCA in mid-March. So this latest broadside is a retaliatory effort. The...

Thanks a lot guys for the wishes.. Well SP was in full swing to give me Bday knocks but I was able to dodge him ... How is everyone doing?

This model overestimates the value of the correalation implied from the market spreads. JPM came up with a new model but it is a very good model for the first time use. Thanks a lot for it. I am going to spend my time over next week to tweak the model

use in the convexity of the underlying bond as well with the duration .

Thanks a lot guys for your wishes. Woody I still did not get Mac for myself. I am now dreaming of getting a Mac Air. I wish success for everyone in our program ..

No amount of financial engineering or SIVs will turn a bad loan into a good one. Sooner or later banks (or ABS investors) will have to recognize the loss — unless they can get the taxpayer to foot the bill. There are no appeals for a bailout yet, but do not be surprised to see this idea floated...

Yes .. and the worst is that they can come out with more bad news. But I guess the earlier the better. Later on it will be really messy to get out of entanglement.

Roots of credit crisis laid at Fed's door Regulatory minimalism allowed risky practices to flourish, expert says By Greg Robb, MarketWatch WASHINGTON (MarketWatch) -- In the wake of the financial market turmoil...

Ambac Posts First Loss as Subprime Bond Prices Drop (Update6) By Christine Richard Oct. 24 (Bloomberg) -- Ambac...

Merrill Lynch Reports Loss on $8.4 Billion Writedown (Update6) By Bradley Keoun...