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The shadow banking system has been built on leverage and cheap financing , said Bill Gross.
My PIMCO colleague, Paul McCulley, has labeled it the “S…
Original Source
7 December, 2007| Economy |
Comments (0) @ 11:41
After a 2 month hiatus from the hedge fund deathwatch, the world is back at it again. The first index to report was down almost as much as in August, but others show a variety of different results….
Original Source: allaboutalpha.com
7 December, 2007| Economy |
Comments (0) @ 3:55
Bush and Paulson on the tape with their new sub-prime freeze plan. I’ve commented that I think it’s a good idea, at least in concept, and we really didn’t get much as far as new information today. I now understand that the mass mod will apply to borrowers with a 660 FICO or lower, and the average “teaser” rate they are currently paying is 7-8%. As T…
Original Source
7 December, 2007| Economy |
Comments (0) @ 0:56
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