The Obama - Clinton Disaster Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : The Obama - Clinton Disaster

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: FJB who wrote (25196)	1/25/2010 11:50:15 AM
From: DuckTapeSunroof	of 103300

Re: "That was what I got from it too." The original Financial Times piece quoted a BoC official as saying that BoC had not been seriously negatively impacted by market declines in Western mortgage-backed paper... (which could imply several things, including the possibility that - unlike many European banks - they simply did not hold a materially significant amount of the paper prior to the global crash). The more eye-opening point that I noticed in the article though was the banker's claim that they were now looking on this big decline in market price of such paper as an OPPORTUNITY to make some big profits in the years to come by buying in at today's depressed prices (and, I guess, diversifying a bit away from their historic weighting in sovereign debt holding... but that was just my reading of the tea leaves). It seems not unreasonable to expect that they might be looking to ramp up purchases in this area (given that numerous Hedge Fund and private investors are also doing exactly that....)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next