80s-90s

    WHO'S GOING TO BAIL OUT THE GOV'T ? IT'S NOT OVER ...

    Posted by ralph on 11th of Jul 2008 at 10:17 am

    I can still remember C at $6.58 low!  I really think 87 to 91 was the cliff notes version of 2000 to?  We had a market collapse, real estate boom and bust, easy money and a financial crisis.  Rember the S&L bailout and the RTC?  90 and 91 ended in a whimper when nobody cared about the financials, not a huge capitulation and everybody rushed in.  In 1990 we were upset that the recovery rate on CCC junk bonds would be about 60%.  That is the same figure that S&P revised their recovery rate on AAA senior CDOs.  As I type this, I am watching a CNBC commercial from Merrill Lynch telling me how great they are.  I am waiting for a tag line at the end " Asking to borrow money"

    Regards,

    Ralph

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