Well, Barclays are big in the CDO market
and have been burned before (or did they burn someone else? Can't remember). Seem to remember they were big into CDO-squared's and if they still are they could be in deep trouble if there's a default or two.
A couple of months ago, Bear Stearns bought out something like $400m worth of trades - they look like the sensible ones now...
Posted By: BerlinCanary on August 22nd 2007 at 22:52:46
Message Thread
- Booooooooooooooooooooooooooooooo (General Chat) - Stoopish, Aug 22, 21:59:16
- You still writing for that Finance rag? (General Chat) - BerlinCanary, Aug 22, 22:01:29
- Tis indeed, and I am, but not for the derivatives one (General Chat) - Stoopish, Aug 22, 22:04:59
- Well, on the IT side, yes (General Chat) - BerlinCanary, Aug 22, 22:13:40
- already is! (General Chat) - Stoopish, Aug 22, 22:20:54
- Yes, I should pay the options desk a visit... (General Chat) - BerlinCanary, Aug 22, 22:34:59
- heard something about £300m being lent to an institution (General Chat) - Commisar_Canary, Aug 23, 01:12:25
- Not a clue... (General Chat) - Stoopish, Aug 22, 22:38:36
- Well, Barclays are big in the CDO market (General Chat) - BerlinCanary, Aug 22, 22:52:46
- Yes, I should pay the options desk a visit... (General Chat) - BerlinCanary, Aug 22, 22:34:59
- already is! (General Chat) - Stoopish, Aug 22, 22:20:54
- Well, on the IT side, yes (General Chat) - BerlinCanary, Aug 22, 22:13:40
- Tis indeed, and I am, but not for the derivatives one (General Chat) - Stoopish, Aug 22, 22:04:59
- You still writing for that Finance rag? (General Chat) - BerlinCanary, Aug 22, 22:01:29
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