Danielle DiMartino Booth: A Banking Panic Makes The Fed’s Job More Difficult
Forward Guidance
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Securitized Credit - Is That Right?
The White House came out and back stopped every single FHA loan regardless of whether or not you were having trouble making your mortgage payment. So that entire sector of the mortgage market right now is back stopped. I think existing securitize paper triple A will be fine. The bigger issue here is issuance. And American car center. 50 locations that couldn't sell $222 million in subprime auto ABS folding within 24 hours. That's when things start to get really hairy for private equity.
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