博文
Government pricing C with $45 billion for 40% stake,
(2009-02-22 20:17:46)

ThegovernmentiseffectivelypricingtheCdealas$100billioncap.
CurrentChasabout$5billionshares,thismeansthegovernmentispricingCat$10/share.
FridayCclosedat$2/share.
hehe.....
lookslikeCwillgoto$5atleast....
Shortshavetorunnaked....astheywon'tfindanyshortstocover...hehe....
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C is different from AIG and FRE.
(2009-02-22 20:17:28)

AIG'spreferredneverconvertedtocommon!Butthat'snotthemostimportantdifference.Ifyouhaveanybasicfinancialknowledge,youknowthebusinessmodelisdifferent.Chasverystableincome:deposits.Thesteepyieldcurvebasicallyisgivingmoneytothebankeveryday.ButwhatClackistime.Themark-to-marketmodeliskillingit.
Foralittletraderwithasmallbrain,hewouldn'tunderstandwhythegovernmentwillpay$10forCinsteadof$2orlower.T...[阅读全文]
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