Comments on: The Value of a Balance Sheet http://alephblog.com/2008/03/11/the-value-of-a-balance-sheet/ Helping Institutions and Ordinary People Invest Better by Focusing on Risk Control Fri, 25 May 2012 17:02:54 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: jbhttp://alephblog.com/2008/03/11/the-value-of-a-balance-sheet/comment-page-1/#comment-17213 jb Wed, 12 Mar 2008 08:17:30 +0000 http://alephblog.com/2008/03/11/the-value-of-a-balance-sheet/#comment-17213 I think RWT pulled back hard on repo lines last year, I have to look at the latest Redwood Review again. I know Novastar almost died in 1998 and they hated repo and went through great lengths through NIMs (re-securitize) to lengthen term. Oh, well. If it's any consolation, David, I probably broke even between capital gains and losses on that company. This is a grinding affair compared to 1998. Do you think a Deerfield or a Thornburg would have had their repo lines yanked? I think RWT pulled back hard on repo lines last year, I have to look at the latest Redwood Review again.

I know Novastar almost died in 1998 and they hated repo and went through great lengths through NIMs (re-securitize) to lengthen term. Oh, well. If it’s any consolation, David, I probably broke even between capital gains and losses on that company.

This is a grinding affair compared to 1998. Do you think a Deerfield or a Thornburg would have had their repo lines yanked?

]]> By: Bill aka NO DooDahs!http://alephblog.com/2008/03/11/the-value-of-a-balance-sheet/comment-page-1/#comment-17210 Bill aka NO DooDahs! Tue, 11 Mar 2008 20:55:15 +0000 http://alephblog.com/2008/03/11/the-value-of-a-balance-sheet/#comment-17210 Silly me, I thought the exam process was the mechanism by which the actuarial industry maintained full employment, by limiting supply ... Silly me, I thought the exam process was the mechanism by which the actuarial industry maintained full employment, by limiting supply …

]]> By: Doug Mhttp://alephblog.com/2008/03/11/the-value-of-a-balance-sheet/comment-page-1/#comment-17208 Doug M Tue, 11 Mar 2008 12:29:41 +0000 http://alephblog.com/2008/03/11/the-value-of-a-balance-sheet/#comment-17208 On that note, I think that Redwood Trust will eventually do very well, even if short-term results will be bad. They didn't get into the whole repo-financed deals, and had only a modest amount of corporate debt. On that note, I think that Redwood Trust will eventually do very well, even if short-term results will be bad. They didn’t get into the whole repo-financed deals, and had only a modest amount of corporate debt.

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