Comments on: AIG and DZ Bank: Dumb and Dumber http://www.stubbornmule.net/2009/03/dumb-and-dumber/ Obstinately objective Thu, 29 Jul 2010 16:35:36 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Reduce, Re-use, Recycle | A Stubborn Mule's Perspective http://www.stubbornmule.net/2009/03/dumb-and-dumber/comment-page-1/#comment-4108 Reduce, Re-use, Recycle | A Stubborn Mule's Perspective Wed, 23 Sep 2009 05:33:08 +0000 http://www.stubbornmule.net/?p=1644#comment-4108 [...] the global financial crisis, including Moody’s Colossal Bug, How Big Are Australian Banks?, AIG and DZ Bank: Dumb and Dumber and Shoots Are Greener in Australia?. But the single most popular post on the blog is Australia and [...] [...] the global financial crisis, including Moody’s Colossal Bug, How Big Are Australian Banks?, AIG and DZ Bank: Dumb and Dumber and Shoots Are Greener in Australia?. But the single most popular post on the blog is Australia and [...]

]]> By: Ian Bailey http://www.stubbornmule.net/2009/03/dumb-and-dumber/comment-page-1/#comment-2939 Ian Bailey Sun, 22 Mar 2009 12:09:24 +0000 http://www.stubbornmule.net/?p=1644#comment-2939 This is tackled head on by Matt Taibbi in Rolling Stone a few days ago. http://www.rollingstone.com/politics/story/26793903/the_big_takeover/ This is tackled head on by Matt Taibbi in Rolling Stone a few days ago. http://www.rollingstone.com/politics/story/26793903/the_big_takeover/

]]> By: Michael Michael http://www.stubbornmule.net/2009/03/dumb-and-dumber/comment-page-1/#comment-2930 Michael Michael Tue, 17 Mar 2009 09:29:28 +0000 http://www.stubbornmule.net/?p=1644#comment-2930 Planet Money is particularly excellent in my view - especially when contrasted with the relatively poor offering from ABC's 'Background Briefing' from a few weeks back. @James, I hearya. Just compare the fundamentals of the famed "Bowie Bank" (Bowie's hillariously un-ironic grab for yet more money from his fans, and which ended up in some CDSs, say Planet Money) with the next generation "Zowie Bowie Bank" - sadly only ficticious. Planet Money is particularly excellent in my view – especially when contrasted with the relatively poor offering from ABC’s ‘Background Briefing’ from a few weeks back.

@James, I hearya. Just compare the fundamentals of the famed “Bowie Bank” (Bowie’s hillariously un-ironic grab for yet more money from his fans, and which ended up in some CDSs, say Planet Money) with the next generation “Zowie Bowie Bank” – sadly only ficticious.

]]> By: James http://www.stubbornmule.net/2009/03/dumb-and-dumber/comment-page-1/#comment-2929 James Mon, 16 Mar 2009 22:52:42 +0000 http://www.stubbornmule.net/?p=1644#comment-2929 Beware of banks with a "Z" in their name. Too late now for that bit of advice. Something to think of in the future. Beware of banks with a “Z” in their name. Too late now for that bit of advice. Something to think of in the future.

]]> By: stubbornmule http://www.stubbornmule.net/2009/03/dumb-and-dumber/comment-page-1/#comment-2928 stubbornmule Mon, 16 Mar 2009 22:28:20 +0000 http://www.stubbornmule.net/?p=1644#comment-2928 @James: the report is silent on that question, but I'd guess either intermediation trades of the type that caught ANZ out or some very large negative basis deals. Following some private correspondence from a some-time commenter on this blog, I should also acknowledge that the ransom line was inspired in part by a <a href="http://www.npr.org/blogs/money/2009/02/hear_pay_up_or_else.html" rel="nofollow">Planet Money podcast from a month ago</a> that described a piece by a Deutsche Bank analyst about the need for bank bailouts as a ransome note. So, a hat tip to Planet Money and their very excellent podcast! @James: the report is silent on that question, but I’d guess either intermediation trades of the type that caught ANZ out or some very large negative basis deals.

Following some private correspondence from a some-time commenter on this blog, I should also acknowledge that the ransom line was inspired in part by a Planet Money podcast from a month ago that described a piece by a Deutsche Bank analyst about the need for bank bailouts as a ransome note. So, a hat tip to Planet Money and their very excellent podcast!

]]> By: James http://www.stubbornmule.net/2009/03/dumb-and-dumber/comment-page-1/#comment-2927 James Mon, 16 Mar 2009 21:57:09 +0000 http://www.stubbornmule.net/?p=1644#comment-2927 Why did DZW buy protection from AIG and on what assets? Why did DZW buy protection from AIG and on what assets?

]]> By: stubbornmule http://www.stubbornmule.net/2009/03/dumb-and-dumber/comment-page-1/#comment-2924 stubbornmule Mon, 16 Mar 2009 05:37:41 +0000 http://www.stubbornmule.net/?p=1644#comment-2924 Yes, that <a href="http://www.aig.com/aigweb/internet/en/files/AIG%20Systemic%20Risk2_tcm385-152209.pdf" rel="nofollow">"AIG: Is the Risk Systemic"</a> piece reads more like a ransom note than anything else. "OK, we've got your economy, but if everyone just does as we ask, no-one will get hurt"! Yes, that “AIG: Is the Risk Systemic” piece reads more like a ransom note than anything else. “OK, we’ve got your economy, but if everyone just does as we ask, no-one will get hurt”!

]]> By: AJ http://www.stubbornmule.net/2009/03/dumb-and-dumber/comment-page-1/#comment-2923 AJ Mon, 16 Mar 2009 05:32:03 +0000 http://www.stubbornmule.net/?p=1644#comment-2923 Who's got who over a barrel? Did you see the AIG propaganda about what would happen if they were let go? The greedy so-and-so's are taunting the government, knowing full well they'll continue to be supported. Who’s got who over a barrel? Did you see the AIG propaganda about what would happen if they were let go? The greedy so-and-so’s are taunting the government, knowing full well they’ll continue to be supported.

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