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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: ChanceIs who wrote (91927)10/12/2007 11:04:37 PM
From: CalculatedRiskRead Replies (1) of 306849
 
Citi Bailout: Master-Liquidity Enhancement Conduit, or M-LEC.

That name is great!

So this will probably be announced Monday AM before the market opens. Just in time too, since Citi and others need to sell Billions in TXU LBO bonds on Monday.

Let me see. The ABX indices crashing, a major LBO is stuck (pier loans going on the bank balance sheets) and the markets fall close to 10% ... that was July / August.

Now the ABX indices are crashing.
calculatedrisk.blogspot.com
Debt for the largest LBO is coming to market. And Citi is being bailed out.

Sounds like a market rally to me!
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