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Sunday, September 17, 2017 8:51:05 AM
also on bp
this week will be crucial Tuesday and Wednesday Fed is releasing the "modus op" of how they are
selling/releasing assets Tuesday Ms. Yellen speaks
these are RMBS bought from the entire market in 2008.
This is also the week that JPM is paid.
RMBS are/were crucial to whole economy. These are the cash flow of pensions etc
they were bought in 2008 to allow funds positive cash flow
This bk is not the NOLS, either is Lehm these is all about retaining equity position each underwriter took
in each trust. Usually ~ 15-25%.
Fed will keep their % of equity plus interest in all RMBS trust bought but they will release
any equity interest not bought ie "safe harbor"
Our cash may be at the Fed as well as FDIC R
edbk46
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