Gcubed, they were asked point blank if the collateral received was the riskiest portion of Bear's holdings, and exactly how they determined how the "assets" were split between JPM and the gov. The answer was no and that the collateral had to meet "certain perameters". The details were supposedly going to be supplied later. Hope it gets published somewhere.
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Hey guys. Been a little scarce around here. Busy busy busy.
But. I did manage to add SKF at 99.8$. I agree Joe, should be able to book this for a nice profit.
They wont disclose in public what the collateral in this deal is now worth!! I wonder how far upside down this deal has become already???
Gcubed, they were asked point blank if the collateral received was the riskiest portion of Bear's holdings, and exactly how they determined how the "assets" were split between JPM and the gov. The answer was no and that the collateral had to meet "certain perameters". The details were supposedly going to be supplied later. Hope it gets published somewhere.
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