bloomberg.com:
July 8 (Bloomberg) -- Morgan Stanley plans to repackage a downgraded collateralized debt obligation backed by leveraged loans into new securities with AAA ratings in the first transaction of its kind, said two people familiar with the sale.
Morgan Stanley: Summary | OpenSecrets
Collateralized debt obligation - Wikipedia, the free encyclopedia
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we sucked em in once we can do it again
Can someone send me the list of words we can post today without getting you-know-what?
ROFL!!!!
Just when we think we have the answer they change the question.
It looks like we still have a free market.
In what sense, Charlie?
In the sense that greed is time sensitive.
Buy! Buy! Buy!
Yup... free to bubble... burst... bailout ... at our expense.
Does Morgan Stanley tell Moody's how to rate Morgan Stanley's bonds?
What do we need Moody's for then? Let Morgan Stanley decide whether their junk bonds are really AAA. That seems fair.
Nooooooooooooooooooooooooooooo!
I'm not buying this stuff - I'm sticking to my old non-real-estate stocks and bonds. Althoug I did 'lose' quite a bit, I'm still ahead of what I put in, and didn't lose as much percentagewise as the overall market. They've gone up reasonably in the last two quarters.
We should all tell our brokers to stay away from this junk - you don't like it, don't buy it.
We should tell our brokers to stay away from this junk? Shouldn't it be the other way around?
Most people don't want to educate themselves about specific investments... so they tend to listen to the people who claim to be fiduciary professionals.
The American way,,,scr... your brother, for profit,,,down, down ,,,down we go,,,where we stop, nobody knows,,,corrruption, greed, graft everywhere we look, Washington, States, Cities,,,all about money,,
and not your brother..sad indeed
Didn't Geithner fix the rating corruption? No?
Baastard has had nearly six months to fix how many years of carefully crafted thievery? Bad magic sec.
Perhaps in the sense that "The fix is in ..."
How to jump start the economy, it is not really that hard.
1. Give 50,000 dollars per couple, 25,000 dollars per single.
This would do two things, People would reduce their debt and would prop up the banks. And they would also go out and buy things giving local government’s tax revenue while bumping up local economies.
2. Start a US lottery. Sell 50 dollar saving bonds that will have value only after it matures. Draw wining numbers using a computer program that uses the bond numbers. Draw once a month for tax free winnings of 1.5 million dollars. This would give the government much needed income while at the same promoting savings by the American public.
3. Regulate the oil markets, speculators. Oil helped drive the world economies into the tank and will slow any recovery.
4. Cut the corporate tax in half for any company that doubles their US work force. This will create long lasting jobs and would bring back many jobs that are currently offshore.
5. Freeze all interest rates on credit cards at 9 percent for three years. This would stop banks from raising rates that are causing many in good standing from being pushed into default or bankruptcy while still allowing banks to make reasonable profits.
6. Give tax free loans for five years and give a reduced corporate tax break by 60 percent to any start up company that manufactures green technology examples solar, wind, hydrogen and so on. This would help push the US to become the leader in green technology while creating hundreds of thousands of jobs.
7. Lower all current mortgage holders interest rates to 4 percent. This would stop and slow many foreclosures while giving homeowners additional monthly income of which they would spend into the economy. Banks would still make profit and would benefit by people paying down their debts increasing cash on hand. New mortgages could be written at current rates.
The problem with Washington is they are unable to think outside the box and always seem to complicate the problem or solution.
Back to the same con job that brought down the world economy. These "Too Big to Fail, Plenty Big Enough to Rob You Blind" banks need to be wiped out of existence, with their executives jailed.
Why are they allowed to do this? A bag of crap is never a bag of gold, no matter how you repackage it.
The Ponzi is all Wall Street has left.
I'm not following this thread. Is this not the toxic plan where the securities are being resold, guaranteed by the government up to some ridiculous amount? It's part of the bailout plan Geithner talked about, no?
It's a failsafe buy. The buyers get to purchase using loans from the gov't and then are assured that if the securities fall, the gov't backs them.
Therefore, my understanding is that these ARE AAA securities.
Where am I confused?
There is insufficient bandwidth to delineate the ways in which you are confused.
In other words, you couldn't begin to talk about the question since you're here blah-blahing as usual about what you know nothing about.
Zing a ling !
LOL !!!!!!!!!!!!!!!!!!
This has absolutely nothing to do with any Treasury Dept. program. It is just the same business as usual that got us into the mess we are in to begin with.
http://www.salon.com/wires/ap/business/2009/07/08/D99AFNRO0_us_toxic_asset_plan_treasury/
Morgan Stanley was not one of the investment firms in the government program to remove toxic assets.
They are figuring out ways to defraud us again all on their own.
OK, thanks.
I'm not sure from this article, but didn't it say this was for commercial real estate like malls, office buildings, etc.? It does seem like this process is mirroring the housing market, but the article also says these banks, etc. can only buy triple A - why is that?
I just didn't find the article that clear on why they are doing this so it is unsettling (to say the least) as a result. Could commercial real estate rates of default have us in the same place as last fall in another few months?? And will the execs receive excessive profits tanking the economy again?
they even schrubbed my G'morn to u!!!!
I'm convinced that someone there is an ex-girlfriend.
I think you're all assigning to malice what is adequately explained by incompetence.
Got to blow off steam,
but the mods won't post it if I do.
Throw in a "mustard" and an "acorn" or two and they'll let it through.
teleprompterjerkoffgoldmanpieceofjunkAAAbondcr@p@$$holes
If this goes through, I'll thank you.
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First Posted: 07- 9-09 08:34 AM | Updated: 07- 9-09 08:38 AM