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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (28538)10/14/2007 6:11:17 AM
From: Madharry   of 78741
 
From MIsh:

Super SIV Bailout Plan Doomed To Fail
globaleconomicanalysis.blogspot.com
In an effort to bailout commercial paper, the treasury and several large banks have devised a plan that boils down to this: Don't ask-Don't Sell. Don't Ask what an asset is worth. Don't Sell or you will find out and not like the result. The plan attempts to keep assets off balance sheets. The proposed solution is a delay tactic and doomed to fail.
Mish

This is pretty ominous. I wonder how many hedge funds are not allowing redemptions now-
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