Tuesday, July 08, 2008

Fed Power Grab / Alt-A Repackage

Unfortunately Mish beat me to posting both of these, but here they are.

1. The fed is trying to make a huge power grab to "fix" the mess they helped create.
2. Toxic CDOs are finding a new home under a new name "re-remics." Beware.


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9:05 PM  

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