Fed Chief in Negative Equity?

Generali

According to Bloomberg, (the Federal Reserve's boss) Ben Bernanke's house is now probably worth less than he paid for it.

mr.broderick

Wonder if he'll have problems when his 5 year fix runs out ?:j

Kez100

But a loss on buying and selling isn't negative equity. Chances are, his loan is miniscule and he is nowhere near negative equity.

WTF?_2

The Federal Rhapsody:


Is this the real price?
Is this just fantasy?
Financial landslide
No escape from reality

Open your eyes
And look at your buys and see.
I'm now a poor boy
High-yielding casualty

Because I bought it high, watched it blow Rating high, value low Any way
the Fed goes Doesn't really matter to me, to me

Mama - just killed my fund
Quoted CDO's instead
Pulled the trigger, now it's dead
Mama - I had just begun
These CDO's have blown it all away

Mama - oooh
I still wanna buy
I sometimes wish I'd never left Goldman at all.

I see a little silhouette of a Fed
Bernanke! Bernanke! Can you save the whole market?
Monolines and munis - very very frightening me!
Super senior, super senior
Super senior CDO - magnifico

I'm long of subprime, nobody loves me
He's long of subprime CDO fantasy
Spare the margin call you monstrous PB!
Easy come easy go, will you let me go?
Peloton! No - we will not let you go - let him go Peloton! We will not
let you go - let him go Peloton! We will not let you go - let me go Will
not let you go
- let me go (never) Never let you go - let me go Never let me go - ooo

No, no, no, no, no, no, no, -
Oh mama mia, mama mia, mama mia let me go S&P had the devil put aside
for me For me, for me, for me

So you think you can fund me and spit in my eye?
And then margin call me and leave me to die Oh PB - can't do this to me
PB Just gotta get out - just gotta get right outta here

Ooh yeah, ooh yeah
No price really matters
No liquidity
Nothing really matters - no price really matters to me

Any way the Fed goes .....

mr.broderick

!!!!!!? wrote: »

The Federal Rhapsody:


Is this the real price?
Is this just fantasy?
Financial landslide
No escape from reality

Open your eyes
And look at your buys and see.
I'm now a poor boy
High-yielding casualty

Because I bought it high, watched it blow Rating high, value low Any way
the Fed goes Doesn't really matter to me, to me

Mama - just killed my fund
Quoted CDO's instead
Pulled the trigger, now it's dead
Mama - I had just begun
These CDO's have blown it all away

Mama - oooh
I still wanna buy
I sometimes wish I'd never left Goldman at all.

I see a little silhouette of a Fed
Bernanke! Bernanke! Can you save the whole market?
Monolines and munis - very very frightening me!
Super senior, super senior
Super senior CDO - magnifico

I'm long of subprime, nobody loves me
He's long of subprime CDO fantasy
Spare the margin call you monstrous PB!
Easy come easy go, will you let me go?
Peloton! No - we will not let you go - let him go Peloton! We will not
let you go - let him go Peloton! We will not let you go - let me go Will
not let you go
- let me go (never) Never let you go - let me go Never let me go - ooo

No, no, no, no, no, no, no, -
Oh mama mia, mama mia, mama mia let me go S&P had the devil put aside
for me For me, for me, for me

So you think you can fund me and spit in my eye?
And then margin call me and leave me to die Oh PB - can't do this to me
PB Just gotta get out - just gotta get right outta here

Ooh yeah, ooh yeah
No price really matters
No liquidity
Nothing really matters - no price really matters to me

Any way the Fed goes .....

!!!!!! get back on the crash board you imposter

Sisyphus

!!!!!!? wrote: »

The Federal Rhapsody:

.

tell me this is your own work:D

WTF?_2

Sisyphus wrote: »

tell me this is your own work:D

'Fraid not - got it from a mate on a trading desk.

WTF?_2

dolcevita wrote: »

Fantastic.

Well done whoever it was.

You can tell that those lads are earning their money working hard all day on the desks......

Generali

Kez100 wrote: »

But a loss on buying and selling isn't negative equity. Chances are, his loan is miniscule and he is nowhere near negative equity.

Of course he's not in negative equity. He's a 53 y/o boss of the Federal Reserve. If he can't afford a $1.2mio house for cash then what hope is there for the rest of us?

And !!!!!!?...quality, pure quality.