tag:blogger.com,1999:blog-5880610.post7848677083629047552..comments2024-01-13T18:57:18.243-05:00Comments on Information Processing: Who pays?Steve Hsuhttp://www.blogger.com/profile/02428333897272913660noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-5880610.post-79308454063185041932011-10-17T12:44:59.143-04:002011-10-17T12:44:59.143-04:00It is important to note that HSV-1 can not only sp...It is important to note that HSV-1 can not only spread between people, but also to different parts of the infected person's body. Herpetic whitlow, the HSV-1 infection of the fingers is particularly painful. People must be sure to wash their hands thoroughly when they have a cold sore to prevent the spread of HSV-1.are cold sore contagioushttp://beatherpes.com/are-cold-sores-contagiousnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-39077387497240846432008-01-15T10:18:00.000-05:002008-01-15T10:18:00.000-05:00I hope subprime mortgage mess is going to unwind s...I hope subprime mortgage mess is going to unwind soon as I heard with interest rates on a large number of subprime mortgages and <A HREF="http://www.badcredit-mortgages.org.uk/" REL="nofollow">bad credit mortgages</A> due to adjust upward during the 2008 period, U.S. legislators and the U.S. Treasury Department are taking action. A systematic program to limit or defer interest rate adjustments Unknownhttps://www.blogger.com/profile/07485422193590990935noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-66577003732719433782007-04-01T17:52:00.000-04:002007-04-01T17:52:00.000-04:00Brad,I just noticed your comment (somehow I missed...Brad,<BR/><BR/>I just noticed your comment (somehow I missed it a minute ago). I keep telling myself to get an FT subscription since the analysis there often seems better and more detailed than even the WSJ or Economist.<BR/><BR/>I suspect only a relatively small number of people (perhaps no one?) who are in the mortgage business or on Wall St. really know even roughly who is holding what. You Steve Hsuhttps://www.blogger.com/profile/02428333897272913660noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-66683467634943060332007-04-01T17:48:00.000-04:002007-04-01T17:48:00.000-04:00JM and PS, thanks for the thoughtful comments.If C...JM and PS, thanks for the thoughtful comments.<BR/><BR/>If Citadel and Farallon are paying 95-97 cents on the dollar for tranches of subprime loans things apparently aren't perceived to be that bad yet.<BR/><BR/>I was firmly convinced a few years ago (when I started this blog) that the housing bubble would burst with a bang. But it's easy to forget the fundamental arguments when things persist Steve Hsuhttps://www.blogger.com/profile/02428333897272913660noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-46613200295414052802007-04-01T16:28:00.000-04:002007-04-01T16:28:00.000-04:00"The direct damage to Wall Street is likely to be ...<I>"The direct damage to Wall Street is likely to be modest. A repossessed property will eventually be sold, albeit at a discount. As a result, Mr Cagan's estimate of $326 billion of repossessed mortgages translates into roughly $112 billion of losses, spread over several years. Even a loss several times larger than that would barely ruffle America's vast financial markets: about $600 billion wasAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-52682463521533985852007-03-29T22:03:00.000-04:002007-03-29T22:03:00.000-04:00ps -- it wasn't clear to me what excactly citadel ...ps -- it wasn't clear to me what excactly citadel and farallon are buying 95-97 cents ...<BR/><BR/>Steve -- I found gillian tett's analysis helpful.<BR/><BR/>http://www.ft.com/cms/s/d4e33bb8-d8e3-11db-a759-000b5df10621.html<BR/><BR/>she effectively argues that lots of the institutions with long CMO positions aren't selling, and valuation is hard. she also hints that various banks are sitting on Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-79027467760464605262007-03-29T17:46:00.000-04:002007-03-29T17:46:00.000-04:00Some of your questions are worth millions if not b...Some of your questions are worth millions if not billions :)<BR/><BR/>Citadel and Farallon are buying aggressively. Usually it is 95-97c/$ which is not too bad.<BR/><BR/>Most ppl look at the monthly "nut".<BR/>Here is approximately what a $1000/month can buy at various 30Y mortgage rates:<BR/><BR/>7% 150K<BR/>6% 167K<BR/>5% 186K<BR/>4% 210K<BR/>3% 237K<BR/><BR/>Subprime owners have short term Anonymousnoreply@blogger.com