SEC approves asset-backed securities disclosures
On Thursday January 20, 2011, 2:07 pm EST
By Sarah N. Lynch
WASHINGTON (Reuters) – U.S. securities regulators gave investors a closer look before they buy asset-backed securities with the adoption of t…
Right, with that little bit of steam blown away, let us look away from morons on beaches to morons in markets and especially at the archaic world of asset-backed securities (ABS); that financial juggernaut which constitutes the largest category of debt…
Today I got sick to my stomach when the Fed announced two more alphabet soup du jour programs. One program will involve the direct purchase of GSE and MBS paper by the Fed. that’s another $600 billion that the Fed will add to its books. This action was necessitated by the ending of the FCB…
