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Politics : Ask Michael Burke
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To: Mike M2 who wrote (76925)3/13/2000 9:59:00 AM
From: Daniel Chisholm  Read Replies (2) of 132070
 
Re: non-bank lenders, the only question I have about this interesting quote from the Richebacher Letter is, where do the non-bank lenders get their funds from?

Do they (shudder) get it (directly or indirectly) from the banks whose assets they are purchasing? (i.e., is there some sort of implicit overleverage on the part of the banks that does not show up in their balance sheets, since the asset-backed securities are no longer on the sheets of the banks?)

- Daniel

EDIT: hey., there's one awfully big, pretty grub coming up. I'll be good, and just content myself with this 2nd rate one....
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