2008-10-29 — ml-implode.com
"Perhaps investors just don’t like the word ‘effectively’. Remember, the operative word with respect to the GSE’s is ‘explicit’. Maybe they are refusing to use the word because there is no way Treasury can ‘explicitly’ guaranty $5.4 trillion in loan guarantees and debt. Foreign Central Banks know this. I wrote about is several times when it was happening a few months ago - see links at bottom of page."
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Comments:
lipper at 06:38 2008-11-04 said:
Why dont they come out and say they will explictly gurantee the MBS as of when they took the companies over? I would think that alone will lower the spreads. I would bet the loand being made now will have very low default rates. Permalinkadd a comment | go to forum thread
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