tag:blogger.com,1999:blog-4863014635257598503.post1258469088670988284..comments2024-02-27T22:18:53.706-05:00Comments on Zero Hedge: Is AIG 1 Year CDS A Seller's Dream?Tyler Durdenhttp://www.blogger.com/profile/00165439451205639523noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-4863014635257598503.post-20136018946603090442009-03-05T18:08:00.000-05:002009-03-05T18:08:00.000-05:00they wish they could, but really they can't...they wish they could, but really they can't...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-59657629058717909912009-03-05T02:59:00.000-05:002009-03-05T02:59:00.000-05:00Ummm. I don't think, in a financial crisis where ...Ummm. I don't think, in a financial crisis where naked CDS's seem to be the primary culprit, the solution is to write more naked CDS's.<BR/><BR/>I have to agree with Denninger. Until CDS's are reined in, you can't afford to buy stocks because hedge fund managers can kill companies at will.Max Leveragehttps://www.blogger.com/profile/04986053651630858144noreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-9284946782249803412009-03-05T01:40:00.000-05:002009-03-05T01:40:00.000-05:00equities just moved higher, which means we're goin...equities just moved higher, which means we're going tighter, so I'm going to have to re-rack that market...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-8733422404760957712009-03-04T22:10:00.000-05:002009-03-04T22:10:00.000-05:00" i'm 1000/2000 right now..." Is that bid good for..." i'm 1000/2000 right now..." Is that bid good for size?<BR/>.........:-))Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-85340003531898076872009-03-04T21:58:00.000-05:002009-03-04T21:58:00.000-05:00Well, almost all the cash is held against matched ...Well, almost all the cash is held against matched notes, they have no TLGP or CPFF access at all, and they have no tangible capital after their $60 Billion write off, but other than that, I'm with you.<BR/><BR/>Actually I am. The access to the $30B of new govt. capital and the preferred should protect the senior pretty well. Odds are the govt takes the life co and this ends up a highly leveraged P&C insurer after they finish winding down the remaining less toxic CDO book.Andrew Hoferhttps://www.blogger.com/profile/02270207403412720789noreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-65134855229356368852009-03-04T20:34:00.000-05:002009-03-04T20:34:00.000-05:00My wild guess is that the point probably hardly tr...My wild guess is that the point probably hardly trades. If anyone's bid for it, its probably b/c they ripped the face off of someone who was told "hedge or be fired", and looking to cover. Otherwise, would guess traders on dealer desks are very cognizant that paying 15% notional on AIG is probably a silly, silly thing to do..."where's your bid on 1Y AIG" ... "market feeling a bit better here, i'm 1000/2000 right now..."Anonymousnoreply@blogger.com