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UpInArms (1000+ posts) Send PM | Profile | Ignore | Wed Jul-18-07 10:24 PM Original message |
Bear Stearns says 'no value' left in troubled hedge fund ($20 Bil goes "poof") |
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frogcycle (1000+ posts) Send PM | Profile | Ignore | Wed Jul-18-07 10:30 PM Response to Original message |
1. this is even better than the hummer story |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Wed Jul-18-07 10:50 PM Response to Reply #1 |
12. Why do you say they are "predatory beasts"? |
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frogcycle (1000+ posts) Send PM | Profile | Ignore | Wed Jul-18-07 11:33 PM Response to Reply #12 |
16. many many hedge funds |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Thu Jul-19-07 12:11 AM Response to Reply #16 |
19. Actually, it's Private Equity firms that do what you are talking about. |
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frogcycle (1000+ posts) Send PM | Profile | Ignore | Thu Jul-19-07 06:43 AM Response to Reply #19 |
23. neither of these says the hedge funds actually take action to push the stock down |
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AngryAmish (1000+ posts) Send PM | Profile | Ignore | Thu Jul-19-07 08:26 AM Response to Reply #12 |
25. Mutual funds may not short a stock, hedge funds can |
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Vilis Veritas (1000+ posts) Send PM | Profile | Ignore | Wed Jul-18-07 10:33 PM Response to Original message |
2. So who now owns all that defaulted property? |
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UpInArms (1000+ posts) Send PM | Profile | Ignore | Wed Jul-18-07 10:40 PM Response to Reply #2 |
4. it amounts to another transfer of wealth |
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DeSwiss (1000+ posts) Send PM | Profile | Ignore | Wed Jul-18-07 10:44 PM Response to Reply #4 |
8. Yes we have.... |
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UpInArms (1000+ posts) Send PM | Profile | Ignore | Wed Jul-18-07 10:52 PM Response to Reply #8 |
14. those "loans" were called "participation" loans - |
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Mojorabbit (1000+ posts) Send PM | Profile | Ignore | Wed Jul-18-07 11:34 PM Response to Reply #2 |
17. Probably some |
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salin (1000+ posts) Send PM | Profile | Ignore | Thu Jul-19-07 06:15 AM Response to Reply #17 |
22. article states that some of the investors in these funds... were indeed |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Thu Jul-19-07 09:07 AM Response to Reply #22 |
27. It doesn't give them any right to the real estate. They owned Bonds.... |
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salin (1000+ posts) Send PM | Profile | Ignore | Thu Jul-19-07 07:28 PM Response to Reply #27 |
45. so the question of "who is screwed" by this - includes |
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Zynx (1000+ posts) Send PM | Profile | Ignore | Thu Jul-19-07 10:24 AM Response to Reply #2 |
31. The funds didn't actually own the houses itself. The "property" for them was CDO bonds |
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Vilis Veritas (1000+ posts) Send PM | Profile | Ignore | Thu Jul-19-07 11:02 AM Response to Reply #31 |
32. Thank you for the clarity...I was not sure how those funds worked. nt |
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Purveyor (1000+ posts) Send PM | Profile | Ignore | Wed Jul-18-07 10:36 PM Response to Original message |
3. So with these 'losses', can we expect these investors to never pay another dime in |
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UpInArms (1000+ posts) Send PM | Profile | Ignore | Wed Jul-18-07 10:41 PM Response to Reply #3 |
7. I think "carry forward" only works for 3 years |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Wed Jul-18-07 10:46 PM Response to Reply #7 |
10. Carry forward on capital losses continues till the losses are used up but only at $3000/yr |
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WCGreen (1000+ posts) Send PM | Profile | Ignore | Wed Jul-18-07 10:52 PM Response to Reply #7 |
13. Carry back is only three years... |
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UpInArms (1000+ posts) Send PM | Profile | Ignore | Wed Jul-18-07 10:54 PM Response to Reply #13 |
15. thanks! - it's been a long time since I dealt with any of |
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Double T (1000+ posts) Send PM | Profile | Ignore | Wed Jul-18-07 10:40 PM Response to Original message |
5. This is just the beginning of the fallout from idiotic sub-prime mortgages....... |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Wed Jul-18-07 10:41 PM Response to Original message |
6. You're juuust a little slow on the "Latest Breaking" side of things. This was announced Tuesday eve |
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UpInArms (1000+ posts) Send PM | Profile | Ignore | Wed Jul-18-07 10:47 PM Response to Reply #6 |
11. ahhh - but because of the format of the links - those got |
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aquart (1000+ posts) Send PM | Profile | Ignore | Wed Jul-18-07 10:46 PM Response to Original message |
9. I wouldn't trust word one from Bear Stearns. |
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kurth (1000+ posts) Send PM | Profile | Ignore | Wed Jul-18-07 11:42 PM Response to Original message |
18. "US Treasury officials have said the industry does not need regulation" |
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salin (1000+ posts) Send PM | Profile | Ignore | Thu Jul-19-07 05:31 AM Response to Reply #18 |
21. just like the fed energy folks saying ENRON was hunky dory |
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customerserviceguy (1000+ posts) Send PM | Profile | Ignore | Thu Jul-19-07 03:47 AM Response to Original message |
20. Fringy stuff |
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w4rma (1000+ posts) Send PM | Profile | Ignore | Thu Jul-19-07 08:17 AM Response to Original message |
24. Cue the tiny violins. (nt) |
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DemoTex (1000+ posts) Send PM | Profile | Ignore | Thu Jul-19-07 08:40 AM Response to Reply #24 |
26. Cue Petula Clark: "A Sign of the Times" |
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antigop (1000+ posts) Send PM | Profile | Ignore | Thu Jul-19-07 09:31 AM Response to Original message |
28. Hedge funds, private equity and the little guy (impact on pension funds) |
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robcon (1000+ posts) Send PM | Profile | Ignore | Thu Jul-19-07 10:07 AM Response to Original message |
29. The millionaires were suckered. |
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antigop (1000+ posts) Send PM | Profile | Ignore | Thu Jul-19-07 10:12 AM Response to Reply #29 |
30. It's not just the millionaires -- pension funds, endowments, charities. |
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robcon (1000+ posts) Send PM | Profile | Ignore | Thu Jul-19-07 11:36 AM Response to Reply #30 |
33. NOT ONE EXAMPLE. |
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antigop (1000+ posts) Send PM | Profile | Ignore | Thu Jul-19-07 12:34 PM Response to Reply #33 |
34. Um, ever hear of CALPERS? |
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antigop (1000+ posts) Send PM | Profile | Ignore | Thu Jul-19-07 12:38 PM Response to Reply #33 |
35. GOOGLE(tm) is your friend |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Thu Jul-19-07 12:46 PM Response to Reply #33 |
36. This New York Times article differs with your take ...from Nov., 2005 |
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antigop (1000+ posts) Send PM | Profile | Ignore | Thu Jul-19-07 12:50 PM Response to Reply #36 |
37. There are lots of examples. n/t |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Thu Jul-19-07 01:05 PM Response to Reply #37 |
38. Yup. But info is often limited. There is a site called "Hedgeworld.com" that wants $5495/yr |
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antigop (1000+ posts) Send PM | Profile | Ignore | Thu Jul-19-07 01:11 PM Response to Reply #38 |
39. But that's the problem -- do people really know what their pension fund is doing? n/t |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Thu Jul-19-07 01:19 PM Response to Reply #39 |
40. Well, i would submit that the pension fund manager knows.... |
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antigop (1000+ posts) Send PM | Profile | Ignore | Thu Jul-19-07 01:22 PM Response to Reply #40 |
41. I'm not so sure that the pension fund manager really knows what the hedge fund is doing n/t |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Thu Jul-19-07 01:47 PM Response to Reply #41 |
42. Its job, hopefully! |
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antigop (1000+ posts) Send PM | Profile | Ignore | Thu Jul-19-07 02:19 PM Response to Reply #42 |
43. It's not a trend --- yet???? Who knows if they don't disclose anything? n/t |
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antigop (1000+ posts) Send PM | Profile | Ignore | Thu Jul-19-07 03:11 PM Response to Original message |
44. Long -Term Capital Management redux? |
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