It has been two years to the date when I posted on Bank Holidays.
I would say all the intervention - TARP, TALF etc. bought us some time. But the drum beat is sounding again.
The foreclosure fraud matter is serious. It is going to reopen old wounds.
Some new abbreviations for you to learn: REMIC and MERS. Add them to your ever growing list such as MBS, CDO, CDS and REPO105. They will all be in the news again shortly.
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