I'm deeply annoyed that I work for a company that places onerous restrictions on my ability to trade shares, even on my personal account - if I didn't, then I'd pile some serious money into HBOS stock right now... September 17 update: Fuckery. That's £3,000 I would have made, buying at 150 yesterday and selling … Continue reading Another get-rich-quick scheme thwarted
Month: September 2008
US house prices have collapsed, making mortgage loan portfolios somewhere between impossible to value and valueless. As a result, the investment banks have been devastated. Lehman Brothers has just gone bust, and Merrill Lynch has just been sold at a knockdown price. Bear Stearns went under, and UBS took a massive write-down on its investment … Continue reading In praise of loan securitisation