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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 (216336)	8/19/2009 1:15:03 PM
From: ggersh	Respond to of 306849

For instance, a bank that will pledge a mid-investment grade two-year asset-backed security will obtain a loan worth 89 percent of the market value of the security. This compares with 97 percent under the current margin schedule. An asset-backed security is backed by a pool of consumer or small business loans. Under the new requirements, less than 6 percent of banks that have discount window loans would be required to increase their collateral pledge or pay them down, the Fed said. (Reporting by Richard Leong; Editing by Dan Grebler) UFB!!!! Toxic assets are worth that much? -ng- I guess the window has become a HANGAR.