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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who wrote (41215)11/27/2000 9:09:36 PM
From: patron_anejo_por_favor  Read Replies (1) of 436258
 
More asset-backeds for the "investing" masses:

biz.yahoo.com

Investors have plenty of cash to absorb the new ABS supply, as they have shied away from corporate bonds due to worries about rising levels of bad bank loans made to Corporate America, analysts and buysiders said.

So they've shied away from bonds due to fear of bad bank loans to corporate America, in order to load up on poorly-secured loans to overextended American consumers? Yup, sounds like a step up the old "quality ladder" to me!!!<GGG>
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