The Bear Stearns High-Grade Structured Credit Strategies Master Fund Ltd. and the Bear Stearns High-Grad Structured Credit Strategies Enhanced Leverage Master Fund Ltd. which invested in securities backed by risky mortgages filed for protection under Chapter 15 of the bankruptcy code, according to court documents.
Chapter 15 covers cross-border petitions and was used because the funds are technically
registered in the Cayman Islands.
registered in the Cayman Islands.
registered in the Cayman Islands.
registered in the Cayman Islands.
Well isn't that just Tax Sheltering Fu@king Convenient!
The public does not have a clue, over 50% still beliveve their home will be worth more in 2008. If Joe Public did get a HELOC in the 2nd quarter of 2007 they will live to regret it.
In August of 1929 auto sales fell of a cliff, today Ford reported that sales of their cars fell off a cliff.
Bill-Congress is trying to rectify this tax loophole of int'l HF's being taxed at the longterm cap gains rate vs. regular rates like the rest of us. just another ex. of the rich getting richer.
"Due to Current market conditions National City is making the following changes effective immediately:
All Expanded Criteria Products/Alt A - No New Registrations and No New Locks
All Non Conforming Products - Allowing registration and locks on Full documentation only. All Stated income options including Home Quick are not allowed.
All Second Mortgages Allowing registrations and locks on Piggyback, Full Documentation, CLTV 700. All standalone and stated options are not allowed.
Payment Option Arm - No New Registrations and No New Locks"
Here it is the personal safety device you have been waiting for! Do your back and neck ache due to excessive intraday stock market gyrations? Do you find the psychological whiplash of watching Bloomberg charts gets transferred to your cervical vertabrae? Here's the answer
THE ARBOGAST INDUSTRIES "YEN CARRY TRADE NECK SUPPORT"
Just clip it onto your monitor and clamp around your neck. Made of PVC industrial grade plastic, the YEN CARRY TRADE NECK SUPPORT will make those aches and pains a thing of the past. Only $14.99! ORDER NOW and we'll throw in the Davenyc VOMIT BAG for those disturbing rumors coming out of Wall Street's lending world.
Arbogast Industries also makes the "the sky is falling" Ceiling Support and "PPT Handbook."
99% of the time, the poor stay poor, and the wealthy stay wealthy in the USA. The Great American Dream is an urban legend on steroids. Poor people go to college and emerge with a diploma and $20,000+ in debt. And then deliver pizza. IT'S NOT WHAT YOU KNOW, IT'S WHO YOU KNOW.
I don't need one of those Arbogast Industries ceiling supports, but I sure could use one of the Yen Carry Trade Neck Support things. You might also throw in one of those vomit bag thingys.
the market today seems to be suffering from seizures. Its almost as if its violently fighting for its very life.
I usually am not all that concerned about a given day's market moves, nor do I place an ounce of credibility in technical analysis, but it sure looks like there is war going on for the soul of the DJIA today doesn't it?
"My question is there any Equity left to withdraw upon?"
Texas in only recent years passed legislation allowing home equity loans. Before, they were prohibited statewide. There are many millions to tap in Texas. I personally have a $450,000 home with no loan balances outstanding of any type.
I personally have a $450,000 home with no loan balances outstanding of any type.
That $450,000 home is only worth what you think it is worth...or what the next guy is willing to pay for it..
I to am Debt free and own my home..what its worth does not matter..it's my home and keeps my ass dry when it rains and warm when it snows..and a place to store my shit...nothing more.
Thanks for the grins and usual perspicacity - how did chartists ever pick up the sobriquet "technial analyis anyways - it certainly looks like a 'Celebrity Deathmatch' Bulls vs. Bears on the DJIA today!
You can make light of it if it doesn't work for you, but it has a large following and a lot of the computerized trading is based on it. So there. Please, hand me my barf bag and re-attach my neck support.
Apologies for the misunderstanding mp, the doh was for my misspelling in the post immediately preceding the doh post...
It just doesn't seem very technical to me, but then that is just me. I do see value in understanding it as it shapes the behaviours of a material segment of market participants.
Good luck in the days ahead - would you like a complimentary bag of peanuts with that barg bag?
99% of the time, the poor stay poor, and the wealthy stay wealthy in the USA. ... IT'S NOT WHAT YOU KNOW, IT'S WHO YOU KNOW.
Just plain Bill
You do know that Bill Gates maternal great-grandfather was J.W. Maxwell, a banker in the pacific northwest during--get this--the real estate / land boom of the 1890's. True story. Gates' family got rich being a banker for suckers. When the boom collapsed, Maxwell moved to Seattle to further his banker climb, to CEO/Chairman. Maxwell loved automobiles, and became connected to AAA at its beginnings.
Mary Maxwell Gates, Bill's mom, was on the United Way board where her connections got Bill the OS contract with IBM.
Now if the investment banks etc were smart, they would do what was done back in the 1920s and short the market. After all, since 1998 banks have been allowed back into the stock market, which they were shut out of in 1933. If only they would short the market and if only it would drop, they could likely make enough to pull us out of themselves out of this housing mess.
My question is there any Equity left to Withdraw upon?
Al along the 2nd Q I had a feeling that ML push more refi.
Now it seems they were also pushing MEW.
Intresting and crazy.
The Bear Stearns High-Grade Structured Credit Strategies Master Fund Ltd. and the Bear Stearns High-Grad Structured Credit Strategies Enhanced Leverage Master Fund Ltd. which invested in securities backed by risky mortgages filed for protection under Chapter 15 of the bankruptcy code, according to court documents.
Chapter 15 covers cross-border petitions and was used because the funds are technically
registered in the Cayman Islands.
registered in the Cayman Islands.
registered in the Cayman Islands.
registered in the Cayman Islands.
Well isn't that just Tax Sheltering Fu@king Convenient!
I hope the IRS is Lurking...but I am sure they are not..it's like Where is a cop when you need one....this is utter bullshit....we are truly toast.
The public does not have a clue, over 50% still beliveve their home will be worth more in 2008. If Joe Public did get a HELOC in the 2nd quarter of 2007 they will live to regret it.
In August of 1929 auto sales fell of a cliff, today Ford reported that sales of their cars fell off a cliff.
Bill-Congress is trying to rectify this tax loophole of int'l HF's being taxed at the longterm cap gains rate vs. regular rates like the rest of us. just another ex. of the rich getting richer.
I hate it when I rush.
The market seems to be out of steam and bumping along the bottom of support. I think we're headed lower.
the market today seems to be suffering from seizures. Its almost as if its violently fighting for its very life.
A Col. Mortimer moment.
"Due to Current market conditions National City is making the following changes effective immediately:
All Expanded Criteria Products/Alt A - No New Registrations and No New Locks
All Non Conforming Products - Allowing registration and locks on Full documentation only. All Stated income options including Home Quick are not allowed.
All Second Mortgages Allowing registrations and locks on Piggyback, Full Documentation, CLTV 700. All standalone and stated options are not allowed.
Payment Option Arm - No New Registrations and No New Locks"
NAT CITY says bye-bye to stand alone 2nds
YES LADIES AND GENTLEMEN
Here it is the personal safety device you have been waiting for! Do your back and neck ache due to excessive intraday stock market gyrations? Do you find the psychological whiplash of watching Bloomberg charts gets transferred to your cervical vertabrae? Here's the answer
THE ARBOGAST INDUSTRIES "YEN CARRY TRADE NECK SUPPORT"
Just clip it onto your monitor and clamp around your neck. Made of PVC industrial grade plastic, the YEN CARRY TRADE NECK SUPPORT will make those aches and pains a thing of the past. Only $14.99! ORDER NOW and we'll throw in the Davenyc VOMIT BAG for those disturbing rumors coming out of Wall Street's lending world.
Arbogast Industries also makes the "the sky is falling" Ceiling Support and "PPT Handbook."
I'll take one of each and pick them up later today at the Bankerdome...
99% of the time, the poor stay poor, and the wealthy stay wealthy in the USA. The Great American Dream is an urban legend on steroids. Poor people go to college and emerge with a diploma and $20,000+ in debt. And then deliver pizza. IT'S NOT WHAT YOU KNOW, IT'S WHO YOU KNOW.
I don't need one of those Arbogast Industries ceiling supports, but I sure could use one of the Yen Carry Trade Neck Support things. You might also throw in one of those vomit bag thingys.
And banker could you please throw in a few hit's of Extacy I want to get high to.
Peter,
the market today seems to be suffering from seizures. Its almost as if its violently fighting for its very life.
I usually am not all that concerned about a given day's market moves, nor do I place an ounce of credibility in technical analysis, but it sure looks like there is war going on for the soul of the DJIA today doesn't it?
Anybody noticing a significant uptick in random daytrader as well as signal-free sky-is-falling trolls/posters here in the last couple weeks?
As a signal of overall public psychology, it's interesting, but man it's making the comments section very noisy and harder to read.
"My question is there any Equity left to withdraw upon?"
Texas in only recent years passed legislation allowing home equity loans. Before, they were prohibited statewide. There are many millions to tap in Texas. I personally have a $450,000 home with no loan balances outstanding of any type.
I personally have a $450,000 home with no loan balances outstanding of any type.
That $450,000 home is only worth what you think it is worth...or what the next guy is willing to pay for it..
I to am Debt free and own my home..what its worth does not matter..it's my home and keeps my ass dry when it rains and warm when it snows..and a place to store my shit...nothing more.
Banker,
Thanks for the grins and usual perspicacity - how did chartists ever pick up the sobriquet "technial analyis anyways - it certainly looks like a 'Celebrity Deathmatch' Bulls vs. Bears on the DJIA today!
doh *"technical analysis"
To piggyback banker's obscure reference,
They say that hell is defined as the absence of reason. That's what the housing market feels like Grandma . . . hell.
This horse no longer seems contained to the barn.
Based on nothing but my own gut feeling, I see the Dow ducking below 13K by the close. . . if not today, def. soon.
DJIA: I've fallen..and I can't get up!
PPT: We're sending help immediately.
energyecon- "doh *"technical analysis""
You can make light of it if it doesn't work for you, but it has a large following and a lot of the computerized trading is based on it. So there. Please, hand me my barf bag and re-attach my neck support.
Colonel Mortimer's Market Moment
YouTube -
Apologies for the misunderstanding mp, the doh was for my misspelling in the post immediately preceding the doh post...
It just doesn't seem very technical to me, but then that is just me. I do see value in understanding it as it shapes the behaviours of a material segment of market participants.
Good luck in the days ahead - would you like a complimentary bag of peanuts with that barg bag?
The market has taken off in the last 15 minutes.
The market has taken off in the last 15 minutes.
Damn carry traders - you just can't trust them to get anything right. They were supposed to SELL damn it... Probably a bad translation.
Just Plain Bill- "IT'S NOT WHAT YOU KNOW, IT'S WHO YOU KNOW."
Some things will never change.
And now, it's time for a ... guess!
99% of the time, the poor stay poor, and the wealthy stay wealthy in the USA. ... IT'S NOT WHAT YOU KNOW, IT'S WHO YOU KNOW.
Just plain Bill
You do know that Bill Gates maternal great-grandfather was J.W. Maxwell, a banker in the pacific northwest during--get this--the real estate / land boom of the 1890's. True story. Gates' family got rich being a banker for suckers. When the boom collapsed, Maxwell moved to Seattle to further his banker climb, to CEO/Chairman. Maxwell loved automobiles, and became connected to AAA at its beginnings.
Mary Maxwell Gates, Bill's mom, was on the United Way board where her connections got Bill the OS contract with IBM.
Mary Maxwell Gates, Bill's mom, was on the United Way board where her connections got Bill the OS contract with IBM.
Ya its never who you know but rather who you... [windows crash]
Now if the investment banks etc were smart, they would do what was done back in the 1920s and short the market. After all, since 1998 banks have been allowed back into the stock market, which they were shut out of in 1933. If only they would short the market and if only it would drop, they could likely make enough to pull us out of themselves out of this housing mess.
Question: Do the MEW figures include both new and existing HELOCs?