"Wrightdowns" is plural. "There's" is singular.
Would you like me to correct your grammar?
Paulson & Co. Says Writedowns May Reach $1.3 Trillion (Update1)
2008-06-18 08:30 (New York)
(Adds Ambac Financial in fifth paragraph.)
By Tom Cahill and Poppy Trowbridge
June 18 (Bloomberg) -- John Paulson, founder of hedge fund
Paulson & Co., said global writedowns and losses from the credit
crisis may reach $1.3 trillion, exceeding the International
Monetary Fund's $945 billion estimate.
``We're only about a third of the way through the
writedowns,'' Paulson, 52, told the GAIM International hedge fund
conference in Monaco today. ``There are a lot of problems out there
and it will continue to be felt through the year. We don't see any
signs of stabilizing.''
Paulson, whose company manages about $33 billion, shorted
subprime-mortgage debt after he noticed ``bubble like'' prices
that made a collapse ``inevitable.'' His Paulson Partners fund has
risen about 18 percent a year since it was founded in 1994, while
one of his main funds for betting on declines in subprime debt
rose 591 percent last year.
The U.S. is heading into a recession as falling home prices
weigh on consumer spending, Paulson said. The second half of this
year will be worse than the first as the economic slowdown
continues into 2009, he said. Signs of stress are ``accelerating''
in the housing market.
``I don't consider myself a bull or a bear,'' he told the
audience at Monaco's Grimaldi Forum. ``I'm a realist.''
Ambac Financial Group Inc., the second-biggest bond insurer,
is ``the most leveraged, troubled company out there,'' Paulson
said. It is at risk of being downgraded to non-investment grade,
Paulson said.
The housing and credit-market slump pushed Ambac to three
straight quarterly losses after more than a decade of profit. It
has written down $5.2 billion since the collapse of the U.S.
subprime mortgage market last year.
A spokesman for New York-based Ambac couldn't immediately be
reached for comment.
*T
For related news:
Top Financial News: FTOP <GO>
*T
--Editor: Ben Vickers, Mike Anderson
"Wrightdowns" is plural. "There's" is singular.
Would you like me to correct your grammar?
Haha! The grammer police is on the patrol.
<font size="2" face="Verdana, Helvetica, sans-serif">"Wrightdowns?" Um...ok.Originally posted by gae:
"Wrightdowns" is plural. "There's" is singular.
Would you like me to correct your grammar?
"There's" is slang.
Would you like me to explain the article to you?
Sexy is that little picture your boyfriend? I thought you was a corporate kind of girl, didn't know you went for the street thug basketball humping type. Whatever.
Speaking of basketball, The Big Sexy is heading to Florida soon and is going to take on Beachcomber in a game of basketball. If that doesn't work, The Big Sexy prefers a barefisted boxing match - but ultimately it's Beachcomber's decision.
<font size="2" face="Verdana, Helvetica, sans-serif">Ok. Beach volleyball. Not exactly a manly sport, nor do I have the advantage of the natural resources to practice, but hey, why not.Originally posted by Beachcomber:
I'll meet you on Clearwater Beach for some beach volleyball, you name the day, so long as it's a weekend.
The problem with beach volleyball is that it's not mano y mano. It must be at least 2 on 2, so how does one pick the extra player?
<font color="#CC6600" size="1">[ June 19, 2008 05:12 PM: Message edited by: The Big Sexy ]</font>
<font size="2" face="Verdana, Helvetica, sans-serif">"Wrightdowns?" Um...ok.Originally posted by The Big Sexy:
</font><blockquote><font size="1" face="Verdana, Helvetica, sans-serif">quote:</font><hr /><font size="2" face="Verdana, Helvetica, sans-serif">Originally posted by gae:
"Wrightdowns" is plural. "There's" is singular.
Would you like me to correct your grammar?
"There's" is slang.
Would you like me to explain the article to you?</font><hr /></blockquote><font size="2" face="Verdana, Helvetica, sans-serif">Can we please, please, please send out a search party for TBS's sense of humor? (TBS, have you not read Jasper Fforde?)
Greg, you're in charge of refreshments, food and entertainment. I think it would be nice if you provided us all with nice crisp hundred dollar bills just for showing up.
To TBS -- I understand the article; it's crap.
I'll meet you on Clearwater Beach for some beach volleyball, you name the day, so long as it's a weekend.
B/S,
Aren't you visiting friends when you come down? I'm sure one (or more) of them would be willing to play and not be conflicted by artificial notions of what sports are "masculine" enough and what not.
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