Tuesday, April 21, 2009

Haircut 100

Terrible tudor haircut

BIS Committee on the Global Financial System estimated typical haircuts on debt securities. Note CDO haircuts, April 07 v. Aug 09:
BIS debt haircut estimates

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Lunch is for wimps

Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.