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To: Oblomov who wrote (17189)9/11/2000 11:13:37 AM
From: patron_anejo_por_favor  Respond to of 436258
 
<<Bank of England Governor Eddie George ...>>

sports.yahoo.com

DAMN! That guy is versatile. How many Bank of England Governors do YOU know that gained over 1300 yards on the ground last year! Dude is GOOOOOD!<g>



To: Oblomov who wrote (17189)9/11/2000 4:18:16 PM
From: Ken98  Respond to of 436258
 
No liquidity stone being left unturned (aka further distortions in the market pricing of risk):

<<Demand for asset-backeds has been supported by arbitrage bids by players who pool ABS and other bonds and package them into collateralized bond obligations(CBOs), and by the Labour Department's recent proposal that permits pension funds to buy lower-rated investment-grade ABS.>>

biz.yahoo.com

Also, this from a couple of weeks ago (which still leaves me amazed):

<<NEW YORK, Aug 31 (Reuters) - The U.S. asset-backed securities (ABS) market closed out a lazy August on Thursday with a $2.9 billion subprime mortgage transaction from Lehman Bros Holdings Inc. (NYSE:LEH - news). [...]

The Lehman deal was the highlight of the session. Its $2.2 billion 2.3-year senior tranche, carrying a financial guarantee from Freddie Mac, was sold at 14.5 basis points over the one-month London Interbank Offered Rate (Libor), which stood at 6.63 percent late Thursday.>>

biz.yahoo.com

Well, taxpayers don't even realize they are going to get to pick up the check for this little party.