Help for the Guarantors - From an Unexpected Source [View article]
I'm no expert, but it seems to me that many players sitting on big unrealized, but marked, losses are hoping for them to reverse so they can get big unrealized, marked, gains back to where they started. Surely there is plenty of bad paper, but some babies are being tossed with the bath water. Unwinding the deal now means turning possible (probable?) paper loses into certain realized losses. Hope springeth eternal.
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I'm no expert, but it seems to me that many players sitting on big unrealized, but marked, losses are hoping for them to reverse so they can get big unrealized, marked, gains back to where they started. Surely there is plenty of bad paper, but some babies are being tossed with the bath water. Unwinding the deal now means turning possible (probable?) paper loses into certain realized losses. Hope springeth eternal.
Jun 27 11:23 am
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