Today I was digging for some info on ‘new market’ and came across the following section:

… ffice:smarttags” /New York, “We don’t care how you do it, just find us a way to make 8-11% on our money, and we will buy it all. … When word got out as to how bad some of these high interest mortgages were, the ABCP market completely dried up….

What do you think? Please write a comment, thanks!