Tag Archives: bradford and bingley

Stacy Summary:  Are there even any private investors left in this AIG black hole?  Oh yeah, probably our pension funds.  And then there is the other nationalized black hole of Bradford & Bingley, the original 125% mortgage terrorist.

• AIG may have zero value for private investors

• Bradford & Bingley swaps triggered by credit event

• Nationwide to begin offering 125% mortgage (h/t gonzomarx)

Stacy – this is about as sad as the death scene in the Champ.  The central bankers are the little boy crying,”Wake up champ.”  The rest of us are like the coaches in the background crying at the boy’s futile attempts to wake the dead man.

Updates (h/t @Phil):

• Goldman Sachs loses its grip on doomsday machine

• Citadel joins the program trading industrial espionage fray