Jump to content
House Price Crash Forum
crash2006

Ford Chief Calls For Fed Push On Growth

Recommended Posts

http://www.ft.com/cms/s/0/86c10df6-51bb-11...00779fd2ac.html

has lent his voice to calls for the Federal Reserve to stimulate the economy, saying the housing crisis and credit turmoil had turned economic growth into a "priority".

come on do something we need help!!! otherwise i cant turn this company round in a bear market because iam really no good.

In the UK, it emerged that Edward Cahill, a senior official in charge of a high-profile structured finance team at Barclays Capital, had resigned unexpectedly this week. Mr Cahill, who ran the collateralised debt obligation division – which creates complex debt vehicles linked to assets such as subprime loans – left the bank on Monday.

opps i must leave the poo poo has hit the fan in the uk i best sign out now.

http://www.ft.com/cms/s/0/3cd48296-51b5-11...00779fd2ac.html

Golden Key and Mainsail, which total more than $3.5bn in size, have started liquidating assets because they have been unable to raise funding in the commercial paper marke
Edited by crash2006

Share this post


Link to post
Share on other sites
Cahill's desk dropped EUR800mln by all accounts.

Is that why Barclays had to go for emergency funding to the BoE? His resignation and that funding event did both occur this week but maybe it is just a coincidence?

Share this post


Link to post
Share on other sites
Guest DissipatedYouthIsValuable
Cahill's desk dropped EUR800mln by all accounts.

Thankfully he has a well trained desk and it picked all the notes up off the floor.

Share this post


Link to post
Share on other sites

Federal Reserve data showed that investors had grown wary of commercial paper backed by mortgage assets. Outstanding commercial paper of this kind fell by $77bn in the week ending August 22 and is down more than 10 per cent from its peak.

Thats 10% of it gone. Heading in the right direction.

Share this post


Link to post
Share on other sites
Federal Reserve data showed that investors had grown wary of commercial paper backed by mortgage assets. Outstanding commercial paper of this kind fell by $77bn in the week ending August 22 and is down more than 10 per cent from its peak.

Thats 10% of it gone. Heading in the right direction.

Gone where ?

And if no new commercial paper is being issued what does that mean for the US housing market. If borrowers can not get mortgages then they wont be able to buy property. Surely this is going to hit demand and eventually prices ?

Edited by up2nogood

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 356 The Prime Minister stated that there were three Brexit options available to the UK:

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.