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Interesting how Bernanke said, ‘”I’d like to know what those damn things are worth,” referring in general to complicated financial instruments that repackaged debt — bad debt, in some cases.’
And btw by “unnoficial ” I meant “unofficial,” this thing needs an edit option.
In some cases there is bad debt. Does anyone know the $ value of every defaulted mortgage in the past 12 months?
Interesting how Bernanke said, ‘”I’d like to know what those damn things are worth,” referring in general to complicated financial instruments that repackaged debt — bad debt, in some cases.’
And btw by “unnoficial ” I meant “unofficial,” this thing needs an edit option.
In some cases there is bad debt. Does anyone know the $ value of every defaulted mortgage in the past 12 months?
If Ben lowers rates again at the next meeting, he will have official earned his monniker.
Stan
If Ben lowers rates again at the next meeting, he will have official earned his monniker.
Stan