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It was LBO debt. Morons on CNBC were trying to spin
it as MBS. It appears that this was decent stuff and
they still actually had to take a bit of a hit.
http://us.ft.com/ftgateway/superpage.ft?news_id=fto040820081712467822&referrer_id=yahoofinance
--- Charlie <lin-hua@xxxxxxxxxx> wrote:
> maybe LBO debt instead of subprime
> ----- Original Message -----
> From: Ben
> To: realtraders@xxxxxxxxxxxxxxx
> Cc: astrofin@xxxxxxxxxxxxxxx
> Sent: Tuesday, April 08, 2008 6:35 PM
> Subject: Re: [RT] Re: Credit Losses Could Top US$1
> Trillion: IMF
>
>
> Blackstone must have had time to examine the
> portfolio,,,
> I can not see them paying that hi, unless they
> pick the cherries,
> Ben
> ----- Original Message -----
> From: Charlie
> To: realtraders@xxxxxxxxxxxxxxx
> Sent: Tuesday, April 08, 2008 7:51 PM
> Subject: Re: [RT] Re: Credit Losses Could Top
> US$1 Trillion: IMF
>
>
>
> blackstone paying 90 cents
> ----- Original Message -----
> From: Ben
> To: TimeandCycles@xxxxxxxxxxxxxxx
> Cc: realtraders@xxxxxxxxxxxxxxx
> Sent: Tuesday, April 08, 2008 5:11 PM
> Subject: [RT] Re: Credit Losses Could Top US$1
> Trillion: IMF
>
>
> citi just announced a deal to sell 12 billion
> of their credit problem potfolio
> most likely a hedge fund paying them 10-15
> cents on a dollar
>
>
>
>
>
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> - Release Date: 4/8/2008 7:30 AM
>
>
____________________________________________________________________________________
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