Relevant:
- A new monoline exposure for banks: CLO negative basis trades
- Goldman Sachs Isn't A Loathsome Vampire Squid Anymore
- Why the Vampire Squid Wants Small Depositors' Money in 1 Frightening Chart
- Jim Grant: "The Federal Reserve Is The Vampire Squid Of Vampire Squids"
- Hunting the Squid, Part 2: Since When Is Enough Derivative Exposure To Blow Up The World Something To Be Ignored?
2009-11-24 — nakedcapitalism.com
" I hate to get sucked into the vampire squid line of thinking about Goldman, but the only explanation i can think of for why AIG got rescued and the monolines did not is because Goldman had significant exposure to AIG and did not have exposure to the monolines."
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