Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 50% Gains Investing -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (54938)	8/15/2007 11:42:11 PM
From: Spekulatius	Read Replies (1) \| Respond to of 118717

Countrywide - read the whole paragraph//// Traders who have not seen any Countrywide paper change hands this week said under current conditions, the lender would have to offer up to 12.5 percent to obtain commercial paper funding -- nearly twice as expensive as a month ago. Nonsense, if there is no trading in the "liquid market" how can a trader determine that the fair interest rate would be 12.5%? One fund manager, however, saw a much lower rate in an illiquid market. Countrywide's 30-day unsecured commercial paper is yielding 6 percent to 6.25 percent, according to Deborah Cunningham, chief investment officer for money markets at Federated Investors. What is the problem with Countrywide paying 6-6.25% interest for commercial paper? Would you lend them unsecured money for less?