Wednesday, November 21, 2007

The system isn’t unwinding of its own accord

Europe Suspends Mortgage Bond Trading Between Banks

Nov. 21 (Bloomberg) -- European banks agreed to suspend trading in the $2.8 trillion market for mortgage debt known as covered bonds to halt a slump that has ***closed the region's main source of financing for home lenders***.

Posted by lukeskywalker @ 03:30 PM (503 views)
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