Replies to post #110483 on ajtj99's Market Pulse

[jdaasoc]

How much time does $75 B bring you if the underlying SIV assets being bought by the backup fund are unsellable to the foreign buyers who are gun shy about buying more of the same old bad IOU's that got us here in the first place.

http://www.nytimes.com/2007/11/11/business/11bank.html?_r=1&hp&oref=slogin

The final determination if this plan is to succeed is if the ratings agencies sign off on it.

PS more from all the news thats fit to print

http://www.nytimes.com/reuters/business/business-hsbc-losses.html