The structural issue that could cause the world's market of last resort to grind to a halt
Banks lending money to governments to help fund bank bailouts looks horribly circular
Tuesday, August 19, 2008
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If someone calls up at 4pm on a Friday and says they have to sell and need a price, is it really fair to say to the rest of the market that this is what that risk is worth?
An ABS banker chews over the shortcomings of marking to market...