« "Pick a Card.....Any Card!" | Main | A Lesson in Accounting (but a fun one!) »

March 17, 2009



Actually, there really isn't any credit work (upon further review). If you've got they money (and you're american), that's good enough


oops on the credit work! Thanks KM.

Kevin Merrick

Eric, as for the defaults and severity, the TALF is supposed to be for "new" securitizations, which should have been underwritten with stricter standards...
And the indiv dealers are supposed to do the credit work on hedge funds before they sign the client agreement that needs to be in place before you get any TALF money

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.


Post a comment

Your Information

(Name is required. Email address will not be displayed with the comment.)