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ItsAllCyclical

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Re: ajtj99 post# 127103

Tuesday, 09/16/2008 11:28:38 AM

Tuesday, September 16, 2008 11:28:38 AM

Post# of 148479
>> On another matter, did you notice how WFC announced it had was writing off $50-million in counterparty exposure to LEH, and they're up over 10% as a result? <<

Didn't see that and at first blush I'm not sure why that would be the case. I've sold approx 60% now of my AFF bought just yesterday between 3 and 4 roughly. I thought they'd have to save AIG (or at least buy it time), but it's looking less and less likely.
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