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Re: Red Alert..
Shock and Awe
Itulip translation: Shock at the sheer idiocy, Awe at the gall.Comment
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Re: Red Alert..
The covered bond trading halt is worrying.
Remember what Aaron wrote?
European banks are publicly imploding because of US mortgages, but US banks are not? Something smells, and it's not in the body of Denmark's king.
IMHO there's more than section 23A exemptions going on. A lot more
If there's any kind of similar news on this side of the pond soon,
50 bp cut, BEFORE the next FOMC, meeting
OR 75 bp at the next FOMC
Originally posted by dbarberic View PostComment
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Re: Red Alert..
The Federal Reserve has made it clear that's it's number 1 mandate is making sure the banking and credit systems are fully functioning, and especially when Freddie and Fannie start getting hit, they don't have a choice. (What i was referring to specifically are the writedowns Freddie took due to credit contraction.)Originally posted by dbarberic View PostComment
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