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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...

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...

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...

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...

ANNANDALE, Va. (MarketWatch) -- Little noticed in the wake of the Federal Reserve's rate cuts one week ago is how much steeper the yield curve has become. That usually would be taken to mean that the risk of a recession has lessened. I think it is significant that it hasn't received...

SAN FRANCISCO (MarketWatch) -- After reaching their highest level since 1980, gold prices may be due for a correction soon, but that could help feed what many expect to be a long-term boom -- to $800 and then inflation-adjusted highs past $2,000 in the years to come. Gold for December...

Is price equal to the value? This is a very subtle yet important topic to think about. I am again summarizing from a book "Capital Ideas" for the benefit of the starters of the program. I recommend this book strongly. I am not quoting the book verbatim and will try to put my thoughts in it...

Bachelier: Past present and even discounted future events are reflected in the market price, but often show no relevant relation to the price changes. Artificial causes also intervene,the Exchange reacts on itself,and the current fluctuation is a function of not only current and previous...

Stocks sold off again today. Market continues to be very volatile. All major indexes are losing weeks gain and plunging into negative terretory. This time ... it is employment data. "Any news is bad" for the markets at this time of the year. "It's a major shock to the market," said Peter...

My Gosh .. see the daily volatility. This is not a healthy sign for a "DEVELOPED MARKET" like US. All eyes are set up against Fed. Fed is not budging aginst the market pressure of the rate cut making inflation as its base for the decision. Consumer sentiment is really depressing at this moment...

Hi, Please let me know if anyone is interested in buying a paper back with CD latest edition of the book "Options Futures and Derviatives" by Jon C Hull. I have 2 extra copies of the book Aeron

Hi, Is there anyone interested in buying the book. I came across one guy who is selling the book at a discounted price. Do let me know in case anyone needs the book so that I can arrange the number of copies. Thanks Nalin

Boom ... Swish ... Vrooom .... Aaaaayeeeeeee...Slideeeeeeeee......Booommm If each tick in the stock market index could be associated with some kind of sound the music will be really intestesting to hear. As a spectator with the morining coffee, happy lunch and evening coffee seeing the equity...

Moody's, S&P Lose Credibility on CPDOs They Rated (Update1) By John Glover and Shannon D. Harrington Aug. 14 (Bloomberg) -- Moody's Investors Service and Standard & Poor's, the arbiters of creditworthiness, are...

Banks not accepting credit portfolios as collateral: report By Steve Goldstein LONDON (MarketWatch) -- U.S. banks caught in the credit...

US Consumer Spending US Consumer Spending: Consuming America By Dr. Kurt Richebacher One has to realize that all the increase in US consumer spending is borrowed. And it is borrowed against rising house prices. In 2001, Greenspan replaced the bursting stock market bubble with the housing...

Stocks Retreat After Banks Add Liquidity Monday August 13, 4:30 pm ET By Lauren Villagran, AP Business Writer-- Wall Street gave up a moderate gain in late trading and closed marginally lower Monday after the Federal Reserve and other central banks added more cash to their banking systems...

One 'Quant' Sees Shakeout For the Ages -- '10,000 Years' By KAJA WHITEHOUSE August 11, 2007; Page B3 Matthew Rothman is used to working with people who pride themselves on their rationality. He's a "quant," after all, one of a legion of Ph.D.s on Wall Street who use the emotionless rules...

I love to HATE IPHONE and I HATE TO LOVE IPHONE... what a dilema ...

I got this article from net. a quick read ... How will the bull market in stocks end? One scenario is an escalation in long-term interest rates relative to the market earnings yield (inverse of price-earning ratio) to a point where the incentive for takeovers and buybacks is eliminated...

NEW YORK (MarketWatch) -- Fourteen floors above Seventh Avenue, in an office more than a mile from the trading floor of the New York Stock Exchange, a trumpet sounds reveille over a loudspeaker. Liquidnet Holdings Inc., an alternative trading system used by institutions, has just executed a...

Subprime crisis not big threat: Buffett But housing slowdown hurting some Berkshire businesses, chairman says By Alistair Barr, MarketWatch Last Update: 4:09 PM ET May 5, 2007 OMAHA, Neb. (MarketWatch) - Rising delinquencies and defaults in the subprime mortgage business probably won't be a...

US Stocks at a Glance Stocks Move Higher Following Jobs Report NEW YORK - Stocks carved out a modest advance Friday after the nation's unemployment rate edged upward as expected in April and investors received a fresh round of takeover news. The Labor Department said the jobless rate rose...

NEW YORK (Reuters) - Hedge funds may now pose the biggest risk of a crisis since 1998, when the implosion of Long-Term Capital Management threatened the global financial system, the New York Federal Reserve said on Wednesday. The statement represented the bank's sternest warning to date over...

NEW YORK (MarketWatch) -- Delta Air Lines Inc., the No. 3 U.S. domestic carrier, on Monday emerged from Chapter 11 bankruptcy protection after a 19-month restructuring. The Atlanta-based airline said it has reworked operations to focus on international routes and was able to cut its...

Begging on Wall Street There are three beggars begging on Wall Street. The first beggar wrote "Beggar" on his broken cup. He received $10.00 after one day. The next day, the second beggar wrote "Beggar.com" on his cup. After one day, he received hundreds of thousands of dollars and an...

"I hear that you drop some money in Wall Street. Were you a bull or a bear?" "Neither, just a plain simple ass."...

Programmer to Team Leader: "We can't do this proposed project.**CAN NOT**. It will involve a major design change and no one in our team knows the design of this legacy system. And above that, nobody in our company knows the language in which this application has been written. So even if...

Amaranth Halts Withdrawals; Talks With Citigroup Falter By HENNY SENDER and GREG ZUCKERMAN September 30, 2006; Page B3 Amaranth Advisors LLC, the hedge fund that lost $6 billion in September, announced that it is suspending withdrawals while it sells its remaining investments. The...