The Soapbox

Joined: 10/23/2001 Posts: 4891
Likes: 2476

What's this?

Nothing specific...just that it’s going to be bad

Fortunately, we are entering the crisis with our banking system well capitalized, and the stimulus/Fed seem to be focused on keeping the banking system healthy to lead the recovery out the back end. But one scary anecdote: I am involved with a PE bohemoth in your back yard...last week they sent a directive out to all of their portfolio companies to fully draw down their revolvers to ensure liquidity. that’s hundred of companies...probably thousands if you count their credit funds...it’s public now, and I believe Blacstone has issued the same directive...friends at money center banks are watching this closely, and I’ve been told there is ample liquidity to accommodate a broader wave of drawdowns across corporates, but it does make me nervous how tight it’s going to be with a wave of defaults coming.

(In response to this post by WahooRQ)

Posted: 03/26/2020 at 11:35AM

PREV NEXT REPLY

Insert a Link

Enter the title of the link here:

Enter the full web address of the link here -- include the "http://" part:

Current Thread:

Yeah, it's all about getting you Donald, you fucking twit! -- bballbill 03/26/2020 12:05AM

Since Inauguration day..... ** -- MasterRusty 03/26/2020 08:01AM

As before. And forever more. Trying to even the score. ** -- ryno hoo 03/26/2020 08:07AM

Poor, poor; bore as before; a twit to the core ** -- Quaker 03/26/2020 08:53AM

Damn NATO. If only they could be more like Russia. ** -- HoosWillWin 03/26/2020 07:57AM

Not everything he says is bad -- WahooMatt05 03/26/2020 07:39AM

That is soooo spot on. ** -- Hoodeac 03/26/2020 08:47AM

Guy's got it down! ** -- Shenhoo 03/26/2020 07:59AM

All last week it was a war and he was a war time President -- wahoo138 03/26/2020 07:04AM

No one likes reruns -- Beerman 03/26/2020 08:53AM

I read that Wall Street bonus were expected to be down 40 percent. -- Shenhoo 03/26/2020 07:58AM

But don't let any poors get hold of an extra couple hundred bucks -- wahoo138 03/26/2020 08:11AM

So many straw men... -- Moneyshot 03/26/2020 08:40AM

I don't know that. Do you have any idea how much of a mess this -- wahoo138 03/26/2020 08:46AM

That’s a different issue... -- Moneyshot 03/26/2020 08:57AM

I disagree. Removing another means test could make it more efficient -- wahoo138 03/26/2020 09:04AM

I’m not 100% secure, and my wife will almost certainly lose her job ** -- Moneyshot 03/26/2020 09:08AM

FWIW, I got my job pared way back, and I am working quite -- Shenhoo 03/26/2020 09:17AM

We’ll be fine... -- Moneyshot 03/26/2020 09:39AM

Know you're from the i-banking world -- what are you hearing re forecasts -- WahooRQ 03/26/2020 11:18AM

Nothing specific...just that it’s going to be bad -- Moneyshot 03/26/2020 11:35AM

Thanks, have heard some of the same grumblings as I do a decent amount of -- WahooRQ 03/26/2020 1:20PM

I'm truly sorry to hear that ** -- wahoo138 03/26/2020 09:15AM

Damn...Florida is stingy. Virginians can get a smooth $378.00 per week ** -- Tuckahokie 03/26/2020 08:27AM

So let's do a monthly budget for $1400 a month. -- Shenhoo 03/26/2020 08:33AM

If a sliver of the poorest population ends up making out a little -- wahoo138 03/26/2020 08:45AM

It passed...let it go 138. I'm sure we could re-examine the 2009 Porkulus -- Tuckahokie 03/26/2020 08:53AM

I saw where the House is going to take it up on... Friday? -- wahoo138 03/26/2020 09:01AM

You are actually calling a $800B bill that still after your Beloved -- Shenhoo 03/26/2020 08:59AM

That's y'all's job to come up with the derogatory name...I have faith ** -- Tuckahokie 03/26/2020 09:30AM

Am I getting an afirmation that your "fiscal conservatism" is -- Shenhoo 03/26/2020 09:34AM

Shen...you seem to have a big problem with this bill... -- Moneyshot 03/26/2020 09:01AM

Unfair expectation. When do they ever go much past what Trump did is bad? ** -- Hoodafan 03/26/2020 09:48AM

Actually, I don't all that much. But there isn't any sense in sugar -- Shenhoo 03/26/2020 09:05AM

I am a cynic by nature -- Moneyshot 03/26/2020 09:20AM

My biggest concern is my commercial mortgage on rental real -- Shenhoo 03/26/2020 09:32AM

Nm** -- wahoo138 03/26/2020 09:18AM

Isn't that the reason for the Fed stepping in? That $1400.00 becomes more -- Tuckahokie 03/26/2020 08:40AM

I’m missing something but how does $378 a week become $4100 a month ** -- 111Balz 03/26/2020 09:04AM

($378 + $600Fed) x 4.25wks. At $4100/mo there will be a lot of folks hoping -- Hoodafan 03/26/2020 09:53AM

Yeah thanks, I actually figured that out eventually. But that 600 -- 111Balz 03/26/2020 11:31AM

True. And that's why I'm not going to get too worked up over this, and -- Hoodafan 03/26/2020 11:40AM

We should take care of them as well. I really don’t think -- 111Balz 03/26/2020 11:47AM

Not everybody qualifies for the maximum state benefit ** -- wahoo138 03/26/2020 10:38AM

And that would be because.............??? -- Hoodafan 03/26/2020 11:05AM

Because they didn't make enough money when they were employed -- wahoo138 03/26/2020 11:27AM

So they cap it based on the income they were making before UE? Radical. -- Hoodafan 03/26/2020 11:34AM

That nasty fake news bitch, asking nasty fake news bitch questions ** -- Hoo TV 03/26/2020 03:04AM

I think you are triggered. ** -- moohoofus 03/26/2020 12:19AM

Somebody sure is. ** -- VAGentleman05 03/26/2020 06:50AM

For the record I don't give a rat's ass what you think ** -- bballbill 03/26/2020 12:44AM

Triggered. Go play some bball Bill. ** -- moohoofus 03/26/2020 08:05AM

Go attend a Trump rally and press the flesh -- Hoodeac 03/26/2020 09:07AM

Hoodemented. I’m actually waiting on The Professor Joe to have a rally. -- moohoofus 03/26/2020 09:15AM

Me thinks Bill has one helluva hangover this morning. ** -- BambooHoo 03/26/2020 08:59AM

Nope, Bill's just fine. Unfortunately the Y is closed. ** -- bballbill 03/26/2020 09:02AM