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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (110501)3/16/2008 8:35:19 PM
From: MulhollandDriveRead Replies (4) | Respond to of 306849
 
does this mean that JPM is the bagholder?

as someone stated earlier..who bails out JPM?



To: Giordano Bruno who wrote (110501)3/17/2008 12:07:33 AM
From: patron_anejo_por_favorRead Replies (2) | Respond to of 306849
 
Oh yeah, right, they didn't 'buy' the assests. They just:

1) Allowed JPM to use the laughably AAA credits as collateral for a big FOMC loan
2) Agreed to roll over the loan indefinitely
3) Indicated to JPM there will be 'no recourse' if the collateral proves worthless.

Put those three together and you've got an outright purchase.


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