Felczer z zweifussem
/ 178.36.134.* / 2011-02-11 16:10
Rząd Stanów przyznaje, że model wspierania rynku hipotecznego "jest martwy". Nakłada się to na ostrzeżenia przed ogromnymi stratami Chin trzymających papiery dłużne GSE, czemu oficjalnie zaprzeczają, ale wiadomo, że od dwóch lat zmniejszają zaangażowanie.
"The GSE model is dead," an Obama administration official told reporters as the Treasury Department released a long-awaited report on options to revamp housing reform.
SAFE said the report was "groundless," and that is has been receiving regular payments of interest and principle on the bonds it holds from the two companies." Well, duh. The alternative is a technical bankruptcy of the US. What, however, was not denied anywhere is that China may and will commence selling GSE notes soon. Especially since as we reported yesterday, it had already been selling out of its GSE holdings for the past two years. And if they start offloading GSEs, what happens to USTs? Although with the Fed now holding over $1.13 trillion in debt, or over 10% more than China, the answer to that question is increasingly irrelevant.