Asset-backed securities used to be the grease that kept the credit markets rolling smoothly. Now the government props up that market, and it’s planning to cut back.
By JENNY ANDERSON, New York Times
Tue, 10/06/2009 - 10:28pm
Asset-backed securities used to be the grease that kept the credit markets rolling smoothly. Now the government props up that market, and it’s planning to cut back.