ST Alpha - """The FRBNY will lend an amount equal to the market value of the ABS less a haircut and will be secured at all times by the ABS."" (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Down to Post

Backboards:

Posts: 155

In response to "Ok, that makes sense, I just hadn't heard it. -- nm" by Reagen

""The FRBNY will lend an amount equal to the market value of the ABS less a haircut and will be secured at all times by the ABS."

Posted by Max Dec 8 '08, 14:20

Congress loves the term lately, referring to union workers taking a haircut, banks taking a haircut, blah blah blah

Post a message top