Jan 18, 2008

Bill Laggner on structured finance

I think you're going to get this constant flow of hits going forward, spread out over multiple quarters. A lot of people think that it doesn't matter what happens, that the Fed will rush in and find some way to save some of these larger institutions and the various assets that they own but I don't see how there's going to be a market for a lot of this paper for a long, long time.

~ Bill Laggner, Bearing Asset Management, "Dow Hits Record Despite Losses At Big Banks", Wall Street Journal, October 2, 2007

No comments: