crash2006 Posted August 23, 2007 Share Posted August 23, 2007 (edited) http://www.ft.com/cms/s/0/86c10df6-51bb-11...00779fd2ac.html has lent his voice to calls for the Federal Reserve to stimulate the economy, saying the housing crisis and credit turmoil had turned economic growth into a "priority". come on do something we need help!!! otherwise i cant turn this company round in a bear market because iam really no good. In the UK, it emerged that Edward Cahill, a senior official in charge of a high-profile structured finance team at Barclays Capital, had resigned unexpectedly this week. Mr Cahill, who ran the collateralised debt obligation division – which creates complex debt vehicles linked to assets such as subprime loans – left the bank on Monday. opps i must leave the poo poo has hit the fan in the uk i best sign out now. http://www.ft.com/cms/s/0/3cd48296-51b5-11...00779fd2ac.html Golden Key and Mainsail, which total more than $3.5bn in size, have started liquidating assets because they have been unable to raise funding in the commercial paper marke Edited August 23, 2007 by crash2006 Quote Link to comment Share on other sites More sharing options...
kilroy Posted August 23, 2007 Share Posted August 23, 2007 http://www.ft.com/cms/s/0/86c10df6-51bb-11...00779fd2ac.htmlcome on do something we need help!!! otherwise i cant turn this company round in a bear market because iam really no good. opps i must leave the poo poo has hit the fan in the uk i best sign out now. Cahill's desk dropped EUR800mln by all accounts. Quote Link to comment Share on other sites More sharing options...
Wad Posted August 23, 2007 Share Posted August 23, 2007 Cahill's desk dropped EUR800mln by all accounts. Is that why Barclays had to go for emergency funding to the BoE? His resignation and that funding event did both occur this week but maybe it is just a coincidence? Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted August 23, 2007 Share Posted August 23, 2007 (edited) http://www.ft.com/cms/s/0/3cd48296-51b5-11...00779fd2ac.html 40-70X leverage! Edited August 23, 2007 by Ash4781 Quote Link to comment Share on other sites More sharing options...
Guest DissipatedYouthIsValuable Posted August 23, 2007 Share Posted August 23, 2007 Cahill's desk dropped EUR800mln by all accounts. Thankfully he has a well trained desk and it picked all the notes up off the floor. Quote Link to comment Share on other sites More sharing options...
HPC Convert Posted August 23, 2007 Share Posted August 23, 2007 Federal Reserve data showed that investors had grown wary of commercial paper backed by mortgage assets. Outstanding commercial paper of this kind fell by $77bn in the week ending August 22 and is down more than 10 per cent from its peak. Thats 10% of it gone. Heading in the right direction. Quote Link to comment Share on other sites More sharing options...
House of Lords Posted August 23, 2007 Share Posted August 23, 2007 http://www.ft.com/cms/s/0/3cd48296-51b5-11...00779fd2ac.html40-70X leverage! WTF!!!! I was almost tempted to do that in really big font! Words fail me...if something is done at 70x leverage and goes wrong...these people are just mental! Quote Link to comment Share on other sites More sharing options...
stormymonday_2011 Posted August 23, 2007 Share Posted August 23, 2007 (edited) Federal Reserve data showed that investors had grown wary of commercial paper backed by mortgage assets. Outstanding commercial paper of this kind fell by $77bn in the week ending August 22 and is down more than 10 per cent from its peak.Thats 10% of it gone. Heading in the right direction. Gone where ? And if no new commercial paper is being issued what does that mean for the US housing market. If borrowers can not get mortgages then they wont be able to buy property. Surely this is going to hit demand and eventually prices ? Edited August 23, 2007 by up2nogood Quote Link to comment Share on other sites More sharing options...
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