This too....what a joke. The "most likely" is probably what will happen. Problem is that they got what would happen to mortgage rates wrong. Monetizing debt...or "socializing risk and privatizing reward" as Sen. Dodd says will place the risk premium burden on treasuries. And we all know what will happen to mortgages when that gets priced in.
4 comments:
This too....what a joke. The "most likely" is probably what will happen. Problem is that they got what would happen to mortgage rates wrong. Monetizing debt...or "socializing risk and privatizing reward" as Sen. Dodd says will place the risk premium burden on treasuries. And we all know what will happen to mortgages when that gets priced in.
http://money.cnn.com/galleries/2008/moneymag/0804/gallery.best_subprime_fixes.moneymag/4.html
http://money.cnn.com/galleries/2008/moneymag/0804/gallery.best_subprime_fixes.moneymag/4.html
Hmmm...dont know why this wont post...
http://money.cnn.com/galleries/2008
/moneymag/0804/gallery.best_subprim
e_fixes.moneymag/4.html
blogger cuts off whole urls. try and make use of tinyurl.com
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