Outfoxing The Fox
June 11, 2009
There’s a great story in the WSJ about a clever CDS trade that resulted in JP Morgan, Bank of America, and RBS losing their shirts. This story is interesting on multiple levels, one of which is it highlighting how the loose regulatory system has caused the introduction of exponential amounts of risk into the market. [...]
Read More >>First Signs of Cracking: Broadway Partners Defaults on Hancock Tower
January 9, 2009
New York’s Broadway Partners has apparently defaulted on their loan on an acquisition they made back in 2006, according to a report in the Boston Herald. The acquisition of Hancock Tower in 2006 for $1.3 Billion was a landmark deal at the top of the market. Hancock Tower is a 60-Story, 1,755,398 square feet, Class-A office [...]
Read More >>Credit and Equity Markets In For Massive Turmoil According to RBS
June 18, 2008
The Royal Bank of Scotland’s (RBS) chief credit strategist Bob Janjuah has issued a report to its clients to be prepared for a global credit and equity crash. Bob Janjuah forewarned against last year’s looming credit crisis. According to his report, the next three months will be nasty.
The report includes warnings that the S&P could fall by [...]
