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

To: Paul Kern who wrote (82938)	6/21/2007 7:37:14 AM
From: orkrious	Read Replies (1) \| Respond to of 110194

A sale would give banks, brokerages and investors the one thing they want to avoid: a real price on the bonds in the fund that could serve as a benchmark. The securities are known as collateralized debt obligations, which exceed $1 trillion and comprise the fastest-growing part of the bond market. The first one through the door will be one of the few to escape unscathed.

To: Paul Kern who wrote (82938)	6/21/2007 7:47:32 AM
From: Mike Johnston	Read Replies (2) \| Respond to of 110194

A sale would give banks, brokerages and investors the one thing they want to avoid: a real price on the bonds in the fund that could serve as a benchmark Everything will be just fine as long as nobody knows the real price. Isn't free market about discovering the true price ? I guess Pig Men don't like free market that much. No wonder, they got too fat on a diet of moral hazard, artificially low interest rates, bailouts and newly created liquidity.