Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
This may well be the best way out of the mortgage backed security fiasco.  But such a solution will only come after the market has capitulated to the decline and there still seems to be no solution in sight.  That will probably take at least a year.  Right now many probably still think or hope that they will get most of their money back.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Jan 12th, 2009 at 04:43:10 PM EST
[ Parent ]

Others have rated this comment as follows:


Occasional Series