Some of the most distressed bonds in US debt markets have become hugely profitable, benefiting from the chaos that has engulfed foreclosures in many US states as thousands of home prepossessions and sales have been put on ice….
The delays mean… Read More>>
As the Fed contemplates expanding TALF beyond highly rated, newly made loans to riskier or older troubled assets, it should go one step further to address the heart of the credit crisis -- depressed home prices.
TALF, or Term Asset-Backed Securities Loan Facility, is currently… Read More>>