Another toxic asset in the making……
By Daniel at 2 September, 2009, 8:32 pm
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http://www.cnbc.com/id/32658981
“It’s careful, it’s complicated, it’s got a catchy name, and it’s first.
At face value, that’s what I see in the Mortgage Bankers Association’s proposal to formulate a new, government-guaranteed, mortgage backed securities market to take the place of Fannie Mae and Freddie Mac. “
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