The British government plans to provide insurance for new asset-backed securities. That is like helping a junkie to detox by guaranteeing drug supplies until the local dealer resumes normal service.
— Source: John Kay (in FT)
Related posts:
The British government plans to provide insurance for new asset-backed securities. That is like helping a junkie to detox by guaranteeing drug supplies until the local dealer resumes normal service.
— Source: John Kay (in FT)
Related posts:
Paul Kedrosky‘s Infectious Greed
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