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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (39734)8/25/2005 2:02:00 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 110194
 
It may be looked at as a negative for LEND because of this:

The securitization is structured as a financing by Accredited with the result being that both the mortgage loans and the debt represented by the notes remain on Accredited's balance sheet

So what it amounts to is balance sheet expansion (with loads of toxic debt remaining as an "asset" on LEND's balance sheet. Just what you'd want them to do at the top of the cycle (if you are short the shares, that is.....<NG>)



To: Ramsey Su who wrote (39734)8/25/2005 2:07:38 PM
From: russwinter  Respond to of 110194
 
To put it less then delicately, these enablers may be in serious need of an enema. Typically the Wizards give it to them.


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