Jun 29 2007
Update: Live Net Radio Broadcast Today 4:00 p.m. ET
UPDATE!!!: Due to technical issues at our net radio host, TalkShoe.com, our show will be delayed about 30 minutes to 4:00 p.m. ET.
Dominoes Falling? The past few weeks have presented us with more carnage in the wake of the credit bubble induced housing bubble. Two Bear Stearns hedge funds fell apart after suffering massive losses from mixing 10-15x leverage with sub-prime mortgage derivative debt. Merrill Lynch exited many of its related positions in CDOs / CMOs — and the valuations provided a grotesque look under the skirt of debt valuations.
Meanwhile, small broker dealer, Brookstreet Securities suffered massive losses in its reserves — heavily CMO related — resulting in massive margin calls that could not be met, and shortfalls in its SEC required reserves — forcing Brookstreet to shut its doors.
We’ll be discussing this and more of the usual on today’s show, hosted by TalkShoe. Click the ‘chime in’ link below to connect to our show!
Vigilant Investor Live 4:00 p.m. ET
Listen. I.M. Chat. Call in.
Dial: 724-444-7444
Talkcast ID: 982
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Or, for a one-time call in pin use: 222-333-4444
