2009-02-25 — denninger.net
" These are the buyers of securitized debt instruments.
This market is closed.
Both ASF (American Securitization Forum) and Federal Reserve statistics say that there has been essentially no securitized debt issuance over the last six months.
None.
That market is closed because this class of investors was gang raped by the pernicious and outrageous fraud up and down the line within the market."
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