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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Travis_Bickle who wrote (109063)3/11/2008 1:03:49 PM
From: BWACRead Replies (1) of 306849
 
<< thought they were just offering them up as collateral for 28 days?>>

Its probably going to turn into a revolving type thing. 28 days, 28 more days, etc.

I think what it will do is allow the banks to hold these securities, rather than sell them into a markIt with little demand or rational pricing. (Which in turn leads to all the writedowns)
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