SI
SI
discoversearch

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 : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (75810)3/9/2008 11:00:12 AM
From: Think4Yourself  Read Replies (1) | Respond to of 116555
 
So the fed is essentially loaning money based on securities that the fed is implicitly insuring. Am I the only person who finds this disturbing?

Then that loaned money is used to make more loans, which are insured by the fed, which are used as collateral...

It would be fine if the insuring agencies didn't have such big writeoffs, or could at least keep their books in a competent and timely fashion.



To: KyrosL who wrote (75810)3/9/2008 5:18:49 PM
From: mishedlo  Respond to of 116555
 
You are mistaken about what they will accept. There is a table in my latest post. However, the more crappy the collateral, the less they get for it.

Mish



To: KyrosL who wrote (75810)3/9/2008 9:34:52 PM
From: NOW  Read Replies (1) | Respond to of 116555
 
How do you know this only involves agencies?
moreover, even if it dos, the share price of fannie et al should leave no doubt as to the toxicity of their holdings implicit ga urantees notwithstanding


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News