(1) Mortgage-Related Assets.—The term mortgage-related assets means residential or commercial mortgages and any securities, obligations, or other instruments that are based on or related to such mortgages, that in each case was originated or issued on or before September 17, 2008.Why are commercial mortgages included? They aren't even in trouble yet. Especially if you look at the price of SRS. What does the government know about commercial mortgages that the market doesn't know or has not admitted yet? If this bailout is passed SRS may get crushed. If it fails it will go through the roof, especially if they ban shorting all stocks. SRS is at the mercy of congress now.
Saturday, September 20, 2008
Voltron says: of note in the proposed bailout: