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Credit Suisse
I believe that Credit Suisse put out a credible plan on how Spain and Italy’s funding costs could be drastically reduced in the near term through leveraging the European Stability Mechanism (ESM).  While it certainly seems like we are getting closer the point where we need to find a firm resolution, history has told us...
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The Federal Reserve continues to unwind the various Maiden Lane portfolios at a really nice profit for taxpayers.  Once the Federal Reserve sells the remaining portion of Maiden Lane III AIG should be pretty much done owing any more money.  According to Bloomberg the central bank is owed almost $9 billion on its loan to...
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There was a significant court ruling that will be a big help to what has been one of our largest positions AGO.  MBIA which is a competitor to AGO in the same line of business one a ruling versus Bank of America about what they need to prove to show losses from fraudulent reps and...
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