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kielymj

Listed below are comments made by kielymj between Monday, 2nd June 2008 and Monday, 6th October 2008.

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How close to capitulation? 4:20pm on 06 Oct 2008 You wrote last week of the Credit Swaps auctions!

To restore confidence, should the ISDA not publish every Credit Swap deal, with the signature of the signee, company name and the Credit Swap deal it is netted off against.

If there is a $1.5 trillion hole, then let's see who is holding the toxic loans, or what's left once the toxic loans are netted off against each other.

As it stands the banks seem keen to hold to one another deposits in loo of these loans maturing.
Smack smack - we're dead 12:03pm on 02 Oct 2008 I suggest the House of Representatives make one more change to the $750bn rescue package. All applications need to made in person to a new facility to a toxic loan readjustment facility, based in newly decorated Guantanamo Bay.

Explain something to me.

So big broke bank (BB) was due to pay $xxxm on a CDS due to sub prime losses.

One assumes the not yet broke bank (NYBB) not only was owed this, but was also due to pay $xxxm to the broke bank, a CDS on some other set of bad loans.

I guess these will be netted off and NYBB could end up with what exactly? It is not covered on one CDS contract but does not have to pay the other. It reinsures itself but the does not have to pay the BB CDS.

If I am owed $1tr of toxic loans and I owe a $1tr of toxic loans, why not just tear them both up?

As long as the 'risk department' ensured they sold as much bad debt as they bought they just need to get in a room with their peers and start shredding, an equal amount of what they have bought and sold.

I guess Netting toxic loans results in the $750bn hole. There is not one radioactive baby but lots of them but they cancel each other out hence the small amount!

It is a good bet that once you get hold of these CDS docs, we will get to see our heroes buying and selling these toxic loans to one another.

Robert - thank you for the service
BT goes high fibre 4:24pm on 15 Jul 2008 The announcement on fibre is a positive step. A big improvement could be achieved today by insisting that our broadband services are properly labelled, so we know what end user experience to expect, and what resources are allocated for each broadband package. The Ofcom Voluntary Code of conduct is a measure to reduce mis-selling but not to educate customers. I have had a go at a label here, http://bbbritain.co.uk/kitemark.aspx. Feel free to improve it. Speed is only one dimension of service, each application does not need that much, but a good deal more transparency is needed on the makeup of packages if we are to understand what actual perfromance is achievable and the tradeoffs we as users need to make in order to get the most from our connections.
Touring Broadband Britain 11:58am on 02 Jun 2008 Rory,

If you wish to make a small detour to Battersea and see what is possible on standard broadband connections, do contact me.

Here's what the telco 2.0 community said.
http://www.telco2.net/blog/2008/04/post_13.html

Enjoy your trip, keep asking about throughput (not speed) and packet loss.

Regards

Mike

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