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Tuesday, April 09, 2013 2:10:09 PM
http://www.bloomberg.com/video/bass-sees-beginning-of-the-end-for-japanese-bonds-a8rY8kSZQlStZey5hO2kug.html?cmpid=yhoo
"no clue" on F&F. both sides want bullet in their head, means "you will get bullet in your head". doesn't like g-fee going straight to treasury arrangement possibilities.
gets into "full cyle" losses as credit provision idea, rather than short term cycles for all other banks. goal was to drive into permanent penalty box. only the need for chinese bond holders to keep happy kept GSE alive. punitive tax kept them in quagmire.
now, new situation, admin and congress don't want to enrich anyone.
"how do you handicap the politics? I have no idea"
...and more......
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