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Goldman Selling Chrysler Debt for less than 80 cents on the Dollar

Discussion in 'Political Discussion' started by weswelker#83, Mar 19, 2008.

  1. weswelker#83

    weswelker#83 In the Starting Line-Up

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    http://calculatedrisk.blogspot.com/2008/03/goldman-selling-chrysler-debt-for-less.html



    Take it to the Fed, they'll pay $1.00!
     

  2. otis p. driftwood

    otis p. driftwood Experienced Starter w/First Big Contract

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    Not really sure what your point is.
    Companies buy and sell debt all the time. My student loan has been sold 4-5 times since I've had it.
     
  3. Fogbuster

    Fogbuster Pro Bowl Player

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    .

    The more you post your drivel the more you make me think the real Wes would mess you up pretty good for you abusing his name.



    //
     
  4. weswelker#83

    weswelker#83 In the Starting Line-Up

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    80*129,000,000,000 = 103,200,000,000 or 25,800,000,000 less

    He who panics first survives.
    I can see lehman and goldman are going to be regular customers at Mcfed's new drive thru window. ;)
     
  5. otis p. driftwood

    otis p. driftwood Experienced Starter w/First Big Contract

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    Unless I missed it in the article (bloomburg's, not the little blog you posted), they never said how much the stuff was bought for, for example.
     
  6. weswelker#83

    weswelker#83 In the Starting Line-Up

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    Goldman, Lehman Brothers Holdings Inc. and Morgan Stanley are among securities firms and banks holding $129 billion of LBO loans.

    There is supposedly like $300 Billion of this stuff that was hung up from last summer. Sounds like a $60 Billion loss for the boys to me.
     

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