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

To: posthumousone who wrote (101300)	2/14/2009 1:01:22 PM
From: patron_anejo_por_favor	2 Recommendations Read Replies (2) \| Respond to of 110194

>>im confused, the new bankruptcy is going to lower yields?<< It will if the government crams down all the mortgage yields, i.e, allows bankruptcy judges to arbitrarily reset rates to any number they pull out of the sky. Which appears to be the "plan".... Which will further cram down principal value on the underlying securities (who in their right minds would want to own mortgages at face value when yields are going to be pushed down with no recourse by the investors?) Unless government is going to take over the entire mortgage market and artificially push yields down (thus f*cking over taxpayers....SURPRISE....once again). They should include a tube of KY with every 1040 the IRS sends out this year.....