6+ Questions About the Government's Stake In Those Bailed-Out Companies [View article]
"...It only works if the federal government is not asked to pay it off( to China, Russia or Saudi Arabia)...": It seems like America is deathly afraid of China etc. starting to dump its paper on to the market. Wouldn't this be the perfect time for China to lean on this and force the redemption of its U.S. paper in gold?? Quite the way to lighten up the load at Fort Knox!
Admittedly, I'm a total neophyte here. Can someone explain to what extent, if at all, companies like MBIA etc. and the U.S. and European banks are involved in having to pay out?
On the CDS issue, I'm wondering who's going to have to pay out on the default? Might it be MBIA or the like or perhaps a few banks? I figure this could be the beginning of the feared CDS default tsunami.
Freddie and Fannie Bailout: Why Now? [View article]
I thought FNM has $250 billion in debt coming due at the end of September. Will all this intervention address this debt probelm? I see $101 billion in intervention. How will the remainder be made up? Is this where the liquidity facility will come into play?
6+ Questions About the Government's Stake In Those Bailed-Out Companies [View article]
is not asked to pay it off( to China, Russia or Saudi Arabia)...": It seems like America is deathly afraid of China etc. starting to dump its paper on to the market. Wouldn't this be the perfect time for China to lean on this and force the redemption of its U.S. paper in gold?? Quite the way to lighten up the load at Fort Knox!
Frannie CDS Triggered [View article]
Bond Expert: Historic Day Wraps [View article]
Freddie and Fannie Bailout: Why Now? [View article]