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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Joe S Pack who wrote (22743)9/18/2007 8:54:10 PM
From: energyplay  Read Replies (3) | Respond to of 219534
 
I am thinking that Northern Rock was the reason for 50 bp instead of 25. A bank run in an English speaking country adds large contagion risk - and the FED did not want to be behind the curve.

This will bail out most of the brokers, except Bear Stearns.

This may provide a window for fixed refis for many people whose mortgage will reset next year.


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