Träumen darf er ja aber nicht alle Träume erfüllen sich .
Ich denke das die Sache mit der Suggestion stimmt, nach dem Motto vertraut mir, besser jetzt verkaufen …. --damit ich billig einsammeln kann.
Kennt Ihr Kaa??
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habe da ein Bericht aus Ihub gefunden der sich mit rd. 24Mrd. "verschwundenen Vermögenswerte" auseinandersetzt. Vielleicht kann sich jemand, damit mal kurz auseinandersetzen, da ich mit den Übersetzungen und den Zahlenzusammensetzungen meine Probleme habe. Danke
Aug. 5/ 2010
Project West and the disappearing $24 billion MBS assets
Filed under: Charts & Images,Project West — Tags: jpmorgan, MBS, project west, wamu — Max @ 12:11 pm
A provocative post by flowlogic6 on the Yahoo! WAMUQ board and notified by DudeBug on IHUB concerning WMB’s $24.5 billion in available-for-sale assets (mortgage-backed [MBS] and investment securities) reported on WMI’s 10-Q on June 30, 2008 raised a question on yet another huge asset gifted to JPMorgan. The Author looked to Project West for answers.
On Page 27 of the presentation, JPMorgan has created a comprehensive schedule of WaMu’s asset composition and fair-market adjustments. The assets in question have been faithfully duplicated below:

madblab.com/content/projectwest_mbs.png" style="max-width:560px" alt="" />
How does JPMC hide assets? Apparently by lumping MBS and IS together and slashing its value. On 12/31/08, assuming that “Park” has already acquired “West”, and risk-weighting the respective portfolios, JPMC has discounted the adjusted value of these assets by 40%. Overall, the West assets are reduced by $120 billion, from $309 billion reported in June 2008 to $190 billion RWA in the presentation. (Original slide)
The Author concludes that even at a 40% discount, WaMu could have easily raised enough money to hold out for TARP. JPMC knew its value, but the FDIC did not.
madblab.com/post/tag/project-west-2

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