So, with all the talk swirling around of banks perhaps 'holding back' a bit on their daily LIBOR fixing submissions, what do you guys think this holds for the fixed income/broader market? Undercutting by 20bps? 50?
-mrp
mrpink's Profile
Posts
Bear Stearns Items For Sale
Posted by mrpink, Mar 21, 2008, 3:00pm
This appeared in my inbox this am:
http://cgi.ebay.com/Bear-Stearns-Cafeteria-Card_W0QQitemZ280209757288QQi
One (1) Bear Stearns Cafeteria Card for sale. No longer needed unfortunately. Especially useful for stir fry and build-your-own-burger Thursdays.
GFIG
Posted by mrpink, Mar 17, 2008, 12:56pm
Anyone know anything? It just got smacked. My reuters/bbg is down.
-mrp
An Ode To Tanner
Posted by mrpink, Mar 13, 2008, 12:35pm
[img]http://www.acorncharities.org/photogallery/bike/02.jpg[/img]
The Firing Ball
Posted by mrpink, Mar 05, 2008, 5:09pm
So ladies & gents - I place a 90% probability of me getting fired tomorrow (Thursday). Who's up for going out and grabbing some drinks and molesting Slimjim? Ogling over Tanner?
-mrp
Wow....
Posted by mrpink, Feb 15, 2008, 12:25pm
Oh now THIS is cool... So, who wants to meet up for drinks after market close?
-mrp
Comments
Entry: Write-Offs: 07.03.08
posted by mrpink
Jul 06, 2008 4:19PM
ROFL NSD
Thanks man... I'm nursing a hangover on this lovely Sunday myself, but I got about 40 beers still in the fridge (and a jar of mayo) with my name on it. Yee haw!
-mrp
Entry: Happy Independence Day!
posted by mrpink
Jul 06, 2008 4:31PM
12:41-
You hit the head right on the nail. Robert Mugabe (and others before him/like him currently) have ruined many great things in Africa.
I speak from this because in 1997 I was part of a local church (in Illinois) that flew to Harare. We were working closely with US Aid to get donated farming equipment, setup classes on Western farming techniques, etc. I set up radio communications (or that was the original goal until we arrived in Harare and found my radio equipment damaged beyond any means of reasonable repair).
Back in 97, Zimbabwe was beautiful. If I get time after unpacking, etc. I will scan the photos and put them online. It was absolutely amazing. And then, by 2000 Mugabe had turned that place into absolute shambles. I still have letters in a box from friends I made there after I spent my month there. It's truly sad -- one could only hope that one day (i.e. Tom Joad's story in The Grapes Of Wrath) that these crackpot leaders will fade away. I have hope, albeit a small sliver of it that Africa will change and join the global bandwagon.
Ok, enough ranting, that's my reflective POV.
-mrp
Entry: Bonus/Layoffs Watch '08: Citi
posted by mrpink
Jul 07, 2008 3:33PM
Lil Vik is saving those for himself.
-mrp
Entry: Devaney Shutting Down Hedge Funds: No Equity Remaining
posted by mrpink
Jul 10, 2008 10:11AM
Go easy on JC fellas!
De/l,lv,v/aney is the guy we should be going after with FUNDIMENTALs
LOL
-mrp
Entry: Devaney Shutting Down Hedge Funds: No Equity Remaining
posted by mrpink
Jul 10, 2008 10:14AM
I wonder if Devaney does any techmical amalysis in his trades?
-mrp
Entry: Irresponsible Rumor Mongering About LEH
posted by mrpink
Jul 10, 2008 11:24AM
NSD-
Sign me up.
LOL
-mrp
Entry: John Devaney Kept His Fund Alive Because He Wasn't Guided By Dollars And Cents
posted by mrpink
Jul 10, 2008 12:26PM
Dude Askin Capital just blew up on Mortgages!!!!!!!!
What's this LTCM?
-mrp
Entry: Irresponsible Rumor Mongering About LEH
posted by mrpink
Jul 10, 2008 12:45PM
12:21-
_.-- . ... .-.. . .... -- .- -. .. ... ..-. ..- -.-. -.- . -..
--... ...--,
-mrp
Entry: Irresponsible Rumor Mongering About LEH
posted by mrpink
Jul 10, 2008 1:11PM
12:50-
LOL
Things are well, I am back in NY til Sunday, I couldn't get enough of the Shake Shack.
Gross was on CNBC, Gasbag is on now... Pretty interesting.
-mrp
Entry: GE Hates Children
posted by mrpink
Jul 11, 2008 1:51PM
Anal_yst-
I don't know where the DB 'in crowd' hangs out at, any suggestions?
-mrp
Entry: In Which Case It Wouldn't Be Called Cheating So Much As Trawling For Your Next Gold Digger
posted by mrpink
Jul 11, 2008 4:15PM
Fashion Meets Finance... that's where it all started....
-mrp
Entry: Fed Denies It Is Opening The Discount Window To Fannie and Freddie
posted by mrpink
Jul 11, 2008 4:28PM
Insane. Infuckingsane.
-mrp
Entry: Fed Denies It Is Opening The Discount Window To Fannie and Freddie
posted by mrpink
Jul 11, 2008 4:33PM
I'm going to a bar and just order a BOTTLE of rum.. fuck the glasses..
I do admit, well played, when'd they issue it? 4:18? right after ES close in Chicago. Nice.
-mrp
Entry: Fed Denies It Is Opening The Discount Window To Fannie and Freddie
posted by mrpink
Jul 11, 2008 4:42PM
FUNdamental-
Right on. I think Makers is in order tonite, maybe Wild Turkey ~ 11PM just to set the mood...
Have a good weekend fellas, I'll be back in NY in August.
-mrp
Entry: Call For Submissions
posted by mrpink
Jul 18, 2008 1:01PM
I'm sure I could convince Corn Boy in the Wheat pit in the other room here to do something wacky, complete with video.
-mrp/cbot
Entry: Call For Submissions
posted by mrpink
Jul 18, 2008 1:06PM
Guest - bond spreads (electronic)
-mrp
Entry: Call For Submissions
posted by mrpink
Jul 18, 2008 3:46PM
SEG -
Not on the floor, upstairs now (I can wander down to the 'CME' financial room, but that place sucks ass. They should bring back the bond pits and .. well, lol... It's pretty cool...
to the other guest (I forget the time) - No. Not for myself. C ya'll later, time to go home! (aka Ceres the bar) :-)
Entry: Write-Offs: 07.03.08
posted by mrpink
Jul 03, 2008 4:55PM
Uhoh
*FED PARES ESTIMATED VALUE OF BEAR STEARNS ASSETS TO $28.9 BLN
*FED ESTIMATE OF BEAR PORTFOLIO DOWN FROM $30 BLN IN MARCH
By Scott Lanman
July 3 (Bloomberg) -- The Federal Reserve said the portfolio
of Bear Stearns Cos. assets it accepted as part of the firm's
takeover by JPMorgan Chase & Co. is now worth $28.9 billion, down
from the $30 billion estimated in March.
The central bank cut the ``fair value'' of the assets as of
June 26, the Fed said today in Washington. The Fed loaned $28.8
billion last week to a company it formed to purchase the
investments, which as of mid-March included debt backed by
mortgages and other items JPMorgan deemed too risky to take on.
The Fed gave the fair-value estimate of Maiden Lane LLC's
holdings as part of its weekly report on its balance sheet today.
The central bank will provide quarterly updates on the
portfolio's value. Maiden Lane is being counted on the balance
sheet of the New York Fed, and was named after a Manhattan street
that borders the bank.
JPMorgan is absorbing the first $1.15 billion of any losses
realized on the holdings.
Separately in today's report, the Fed said direct loans
to securities firms slid in the past week while discount-window
borrowing by commercial banks rose.
The Fed's loans to Wall Street bond dealers dropped by
$4.4 billion to a daily average of $1.7 billion in the week
ended July 2. Funds provided through the so-called discount
window for commercial banks rose by $159 million to a daily
average of $14.9 billion.
For related news:
Stories on the Fed: NI FED
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