Re: Paulson\'s Plan to Freeze Mortgage Adjustments
[ QUOTE ]
[ QUOTE ]
Well he met with the top bankers suggesting a voluntary freeze, that is all there is to it. These days the market needs very little news whether real or imagined to soar or drop like an anchor.
[/ QUOTE ]
How do those top bankers voluntarily freeze rates on mortages infused in fixed income bundles held by a broad world wide spectrum of investment fund entities? Are the top bankers going to volunteer to eat the interest rate differential they are volunteering away for the investors who actually hold the mortgages?
PairTheBoard
[/ QUOTE ]
Guess you missed my main point, it is an idea, not a substantative solution with an effective means of accomplishing the stated goal. That is why I said the market rose without any solid reason other than hearing something they wanted to hear.
On a side note this is why David Sklansky is wrong anout the general market being more right than someone who analyzes a stocks value with total disregard for it's price but he always wants to talk about bookies and football lines rather than admitting his mistake.
Jimbo
|