So, in late 2007 some of us woke up one morning to be told that the RMBS market had..... you know.... closed. This WTF moment was shortly thereafter followed by a HFS! moment when it appeared that global banks suddenly didn't want to lend to each other.
Interesting times ensued.
The RMBS market (with substantial assistance from the AOFM) eventually emerged from it's GFC-induced coma to stumble around as a partly functioning version of its old self.
Anyhoo....Greece.
Over the last couple of months the RMBS market seems to be having an acid flashback and for all intents and purposes has...you know...closed.
Interesting times.
Interesting times ensued.
The RMBS market (with substantial assistance from the AOFM) eventually emerged from it's GFC-induced coma to stumble around as a partly functioning version of its old self.
Anyhoo....Greece.
Over the last couple of months the RMBS market seems to be having an acid flashback and for all intents and purposes has...you know...closed.
Interesting times.
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