Comments on: Non-travel: My nickel’s worth of free advice on the economy http://boardingarea.com/blogs/viewfromthewing/2008/03/15/non-travel-my-nickels-worth-of-free-advice-on-the-economy/ Putting a little thought into a lot of travel Sat, 26 May 2012 19:48:20 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: charlie http://boardingarea.com/blogs/viewfromthewing/2008/03/15/non-travel-my-nickels-worth-of-free-advice-on-the-economy/comment-page-1/#comment-1979 charlie Mon, 17 Mar 2008 18:55:57 +0000 http://boardingarea.com/blogs/viewfromthewing/2008/03/15/non-travel-my-nickels-worth-of-free-advice-on-the-economy/#comment-1979 with regard to politics, I can't help but wonder how the markets are reacting to the prospect of democrats freezing some interest rates on some subprime mortgages. Given that 99.999% of mortgages are securitized, those subprimes are bundled into something -- with expectations on how they will pay out. Freezing them puts a real cramp on the secondary markets, making it hard to sell, thus increasing the credit crunch. with regard to politics, I can’t help but wonder how the markets are reacting to the prospect of democrats freezing some interest rates on some subprime mortgages.

Given that 99.999% of mortgages are securitized, those subprimes are bundled into something — with expectations on how they will pay out. Freezing them puts a real cramp on the secondary markets, making it hard to sell, thus increasing the credit crunch.

]]> By: Anonym http://boardingarea.com/blogs/viewfromthewing/2008/03/15/non-travel-my-nickels-worth-of-free-advice-on-the-economy/comment-page-1/#comment-1976 Anonym Mon, 17 Mar 2008 18:32:53 +0000 http://boardingarea.com/blogs/viewfromthewing/2008/03/15/non-travel-my-nickels-worth-of-free-advice-on-the-economy/#comment-1976 >Since we’re headed into a recession, while a >Democrat will be elected President ... Huh? How can you be so sure? Dem candidates are so unelectable... >Since we’re headed into a recession, while a
>Democrat will be elected President …

Huh? How can you be so sure? Dem candidates are so unelectable…

]]> By: Gary http://boardingarea.com/blogs/viewfromthewing/2008/03/15/non-travel-my-nickels-worth-of-free-advice-on-the-economy/comment-page-1/#comment-1927 Gary Sat, 15 Mar 2008 22:02:11 +0000 http://boardingarea.com/blogs/viewfromthewing/2008/03/15/non-travel-my-nickels-worth-of-free-advice-on-the-economy/#comment-1927 Sorry, that's exactly my point, they didn't fail prior to the current crisis. These auction market securities hadn't failed *until recent weeks* as your quote suggests. Sorry, that’s exactly my point, they didn’t fail prior to the current crisis. These auction market securities hadn’t failed *until recent weeks* as your quote suggests.

]]> By: Ricardo Sanchez http://boardingarea.com/blogs/viewfromthewing/2008/03/15/non-travel-my-nickels-worth-of-free-advice-on-the-economy/comment-page-1/#comment-1926 Ricardo Sanchez Sat, 15 Mar 2008 21:59:53 +0000 http://boardingarea.com/blogs/viewfromthewing/2008/03/15/non-travel-my-nickels-worth-of-free-advice-on-the-economy/#comment-1926 The notion that Market rate Auctions "never failed in 24 years is bull! Check this out: (September'07) "Companies that have been using auction-rate securities to boost yields on their spare cash may soon find that cash tied up for who knows how long, as the credit crunch undermines one of corporate treasurers’ favorite cash-management techniques. At least 60 auctions involving as much as $6 billion in securities have failed in recent weeks, preventing long-term bonds and other illiquid instruments from being converted to short-term, money-market-like vehicles" http://www.financialweek.com/apps/pbcs.dll/article?AID=/20070917/REG/70914033&SearchID=73311075438417 The notion that Market rate Auctions “never failed in 24 years is bull! Check this out: (September’07)
“Companies that have been using auction-rate securities to boost yields on their spare cash may soon find that cash tied up for who knows how long, as the credit crunch undermines one of corporate treasurers’ favorite cash-management techniques. At least 60 auctions involving as much as $6 billion in securities have failed in recent weeks, preventing long-term bonds and other illiquid instruments from being converted to short-term, money-market-like vehicles”
http://www.financialweek.com/apps/pbcs.dll/article?AID=/20070917/REG/70914033&SearchID=73311075438417

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