An interesting word I came across recently used to describe
the role of certain hedge fund managers undertaking the tall task of rebuilding
structured finance products which have come into expiry: “Revisionary”.
As if there wasn’t enough evidence that shareholders were
going to get steamrolled... then comes that EXCO 8k. Oh My Gawd. When conflicts of interests are disclosed to this degree, it might as
well be a license to steal!
Its starting to look to me like the end is near. The thing is literally a house of cards,
alive only due to luck that its managed to stay beneath the radar under the radar
this long. Although that may have
changed as of yesterday,
Harbinger Group's Sum-of-Parts Does Not Add Up seekingalpha.com
Harbinger Group's Sum-of-Parts Does Not Add Up seekingalpha.com
I will find some time to write more perhaps this weekend, in
the meantime here are some charts and pictures you might find interesting. There is so much here as far as danger it makes me laugh.