rams to the slaughter, page-11

PPT back in again??? amazing!!! I think anybody selling rams at these levels is doing so because they need the money or are just plain scared. My guess is in a few months time, the market will be ok again and commentators will be looking for reasons as to why we came out of this correction and the global credit squeeze did not cause a major recession. When spreads on XCP return to normal, the comments will come out that the risk was spread through many parties. So funds and banks lost billions but it was all diversified and, apart from a few very public mishaps (BNP, Bear) individual banks and hedge funds, might lose a couple of hundred million each.... not just one or twp parties (apart from the sub prime lenders of course) ; Rams lending will return to closer to normal and with their quality loan book, profits will move up. Takeover is possible...as book is attractive