[lbo-talk] Roubini: a haircut not a bailout

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Sat Jul 12 09:37:23 PDT 2008


Doug writes:


> A problem with this is that, as he concedes, the GSEs' bonds were
> perceived as essentially obligations of the U.S. Treasury.

It is a sticky situation, but there's always been a premium; and a GSE holder knows the difference between Freddie and Momma. It'll never happen, but it's fun to think about.

/jordan



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