Haircuts with Blind Barbers

HairCuts & Blind Barbers

 

It goes without saying that the BBoys Club was pretty upset last year at this time when those Swiss ibonkers were negotiating for shared losses on CDO & real estate insurance contracts with Timmy’s Treasury Titans.  With the smell of taxpayer funding blowing in the cool fall breeze around Office of the Secretary of Daffytaffy, the ibonkers turned around on the Treasury Titans and said simply, and politely,no.  No to sharing the losses with the taxpayer.  All but one scoffed at the idea of sharing financial disgorgement –  guess which one.
So to have initially accepted and to have agreeing to take a 2% haircut on all collateralized securities when everyone else said it couldn’t be done was reckless.  So what has happened to the reckless Swiss chocolatiers Financier lately?   Let’s see who is pushed outside the inner circle next.

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About ContraManFund

Fictional (maybe not if you are an accredited investor) trading of a long/short contrarian-driven investment model portfolio based upon current economic environments and counter-intuitive trends. Legal Disclaimer The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions. NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES. The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility. Please consult your own investment advisor before making any investments anywhere, and always do your own due diligence before undertaking any individual investment.
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