The alchemy of modern finance is coming back to haunt what were thought to be pretty mundane deals. As every follower of Mortgage REITs knows by now, borrowing short and lending long can be a risky proposition. Those REITs that have any shot at surviving the market carnage were those that matched the average life [...]
More on this topic
(What's this?)
More on the Resolution Authority Headfake
(naked capitalism, 3/8/10)
Guest Post: Recent Lehman MD Reviews “The Murder of Lehman Brothers”
(naked capitalism, 1/5/10)
Primary Dealer Short Treasury Bill Positions Rise To Lehman Crisis Levels
(Phil’s Stock World - Members S..., 2/26/10)

 
