tag:blogger.com,1999:blog-4815867514277794362.post7742101462885704336..comments2024-03-08T06:18:28.125+11:00Comments on Bronte Capital: Wachovia and negative amortisationJohn Hemptonhttp://www.blogger.com/profile/03766274392122783128noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4815867514277794362.post-58768327152241833142008-07-31T05:14:00.000+10:002008-07-31T05:14:00.000+10:00What are your thoughts in Wachovia in general?$120...What are your thoughts in Wachovia in general?$120b in pay option in bubble states could potentially blow up big on their face, total losses. assuming a 30% default rate with 30% recoveries gives a $25b lossAnonymousnoreply@blogger.com