It seems like that darn spread can mean anything a pundit wants it to...
AS reproduces a chart, here.
I'll see your chart and raise you, 184 pages, just off the presses, from the IMF.
WE OWN AIG ALREADY, YET WE WANT TO ... PASS OUT MORE INSURANCE?
Cash-and-Carry, Paulson's go-to guy (Kashkari), hired Mellon Bank to be the custodian for the new Financial Empire of the U.S. Treasury (FEUST).
According to them, the law is such that we ... need to figure out how to insure distressed assets.
Not for nothing, but didn't we just fail in those calculations, when the assets were liquid and traded?
Wednesday, October 15, 2008
I hate the TED spread
