Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Wednesday, September 17, 2008

AIG Paulson tries to make tresury Profitable

2 year loan, at Libor pluss 8% That is 11.5%.

HOW DO I GET 12%.

Of course if the derivatives are 300 billion, and this 100 billion, and if there are 1 trillion in assets...

AIG becomes half the company they were.

I wish they would just puke up the CDO's If they were a trader, these CDO's are the worst nightmair of sliding down the slope of hope...... "They have value"....... Yes, enough value to destroy your company.

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