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The mrotgages are clearly AAA rated accoridng to any international standard.. which I guess rationallyit means that in tough times 5% will default.

Another issue completelya re private credit funds.... it all depends on the small company... that's the real clear point.. i think the government is taking the risk for those small and medium companies... but it might be shitpile with total risk... or jsut medium risk of default in a bad year..

I guess is probably the later... liberating the banks from any outcome of the crisis... leading to ready-buyers spanish banks... to buy abroad.

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Wed Oct 8th, 2008 at 02:40:09 PM EST
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