Comments on: Late Late Nite FDL: IWIWAL http://firedoglake.com/2008/10/12/late-late-nite-fdl-iwiwal/ Firedoglake weblog Thu, 26 Nov 2009 03:41:31 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: sunshine http://firedoglake.com/2008/10/12/late-late-nite-fdl-iwiwal/#comment-1680522 sunshine Mon, 13 Oct 2008 09:18:21 +0000 http://firedoglake.com/2008/10/12/late-late-nite-fdl-iwiwal/#comment-1680522 <p>Scarry</p> Scarry

]]> By: TheLurkingMod http://firedoglake.com/2008/10/12/late-late-nite-fdl-iwiwal/#comment-1680515 TheLurkingMod Mon, 13 Oct 2008 08:33:01 +0000 http://firedoglake.com/2008/10/12/late-late-nite-fdl-iwiwal/#comment-1680515 <p>Attaturk is upstairs!<br /><a href="http://firedoglake.com/2008/10/13/whos-up-for-toast/" rel="nofollow">Who’s up for toast?</a></p> Attaturk is upstairs!
Who’s up for toast?

]]> By: wigwam http://firedoglake.com/2008/10/12/late-late-nite-fdl-iwiwal/#comment-1680514 wigwam Mon, 13 Oct 2008 08:22:59 +0000 http://firedoglake.com/2008/10/12/late-late-nite-fdl-iwiwal/#comment-1680514 <p>A very interesting late night read: <a href="http://www.bestcyrano.org/THOMASPAINE/?p=1089" rel="nofollow">http://www.bestcyrano.org/THOMASPAINE/?p=1089</a></p> A very interesting late night read: http://www.bestcyrano.org/THOMASPAINE/?p=1089

]]> By: ThingsComeUndone http://firedoglake.com/2008/10/12/late-late-nite-fdl-iwiwal/#comment-1680513 ThingsComeUndone Mon, 13 Oct 2008 08:20:42 +0000 http://firedoglake.com/2008/10/12/late-late-nite-fdl-iwiwal/#comment-1680513 <p>Nite!</p> Nite!

]]> By: ThingsComeUndone http://firedoglake.com/2008/10/12/late-late-nite-fdl-iwiwal/#comment-1680512 ThingsComeUndone Mon, 13 Oct 2008 08:20:27 +0000 http://firedoglake.com/2008/10/12/late-late-nite-fdl-iwiwal/#comment-1680512 <blockquote><p>But there are only $12tn in mortgages and only 1% of them are in default, i.e., $110bn worth. That we might be able to cover.</p></blockquote> <p> How many of these mortgage loans were sold to hedgefunds at 20 or more to 1 leverage. Lets say $110 billion times 20 hmm times 110 by 2 = 220 then add a zero at the end of it and you get 2,200,000,000,000 trillion</p>

But there are only $12tn in mortgages and only 1% of them are in default, i.e., $110bn worth. That we might be able to cover.

How many of these mortgage loans were sold to hedgefunds at 20 or more to 1 leverage. Lets say $110 billion times 20 hmm times 110 by 2 = 220 then add a zero at the end of it and you get 2,200,000,000,000 trillion

]]> By: ThingsComeUndone http://firedoglake.com/2008/10/12/late-late-nite-fdl-iwiwal/#comment-1680511 ThingsComeUndone Mon, 13 Oct 2008 08:12:43 +0000 http://firedoglake.com/2008/10/12/late-late-nite-fdl-iwiwal/#comment-1680511 <p>Nite Newtonusr</p> Nite Newtonusr

]]> By: ThingsComeUndone http://firedoglake.com/2008/10/12/late-late-nite-fdl-iwiwal/#comment-1680510 ThingsComeUndone Mon, 13 Oct 2008 08:12:25 +0000 http://firedoglake.com/2008/10/12/late-late-nite-fdl-iwiwal/#comment-1680510 <blockquote><p>I read yesterday that there are $65tn of notional value in credit-default swaps. I also read in the Wikipedia that there are only $60tn in the whole world. Now who is going to cover that mess?</p></blockquote> <p> Its doubtful all $65 trillion will go under at once, however the credit agencies that sold these swaps do not control the worlds $60 trillion or anything close to it.<br /> Just how much they have is an interesting question. But I don’t think anyone can cover that also with the market down shouldn’t some people already be collecting?</p>

I read yesterday that there are $65tn of notional value in credit-default swaps. I also read in the Wikipedia that there are only $60tn in the whole world. Now who is going to cover that mess?

Its doubtful all $65 trillion will go under at once, however the credit agencies that sold these swaps do not control the worlds $60 trillion or anything close to it.
Just how much they have is an interesting question. But I don’t think anyone can cover that also with the market down shouldn’t some people already be collecting?

]]> By: newtonusr http://firedoglake.com/2008/10/12/late-late-nite-fdl-iwiwal/#comment-1680509 newtonusr Mon, 13 Oct 2008 08:09:58 +0000 http://firedoglake.com/2008/10/12/late-late-nite-fdl-iwiwal/#comment-1680509 <p>nite wigwam<br /> nite things<br /> i’m out too</p> nite wigwam
nite things
i’m out too

]]> By: ThingsComeUndone http://firedoglake.com/2008/10/12/late-late-nite-fdl-iwiwal/#comment-1680508 ThingsComeUndone Mon, 13 Oct 2008 08:07:48 +0000 http://firedoglake.com/2008/10/12/late-late-nite-fdl-iwiwal/#comment-1680508 <p>Nite wigwam</p> Nite wigwam

]]> By: wigwam http://firedoglake.com/2008/10/12/late-late-nite-fdl-iwiwal/#comment-1680507 wigwam Mon, 13 Oct 2008 08:07:19 +0000 http://firedoglake.com/2008/10/12/late-late-nite-fdl-iwiwal/#comment-1680507 <p>Oops! time for me to crash out.</p> <p>G’nite</p> Oops! time for me to crash out.

G’nite

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