Essentially GS takes toxic waste, swaps the cash flows from the toxic waste for a fixed rate (say 8%).
If the toxic waste cash flows drop below some threshold, GS puts the asset to us taxpayers at par (I''m sure Blackrock, Pimco, Legg Mason will make sure we don''t get cheated).
Gives them all the upside.
TURDO = Tarp underlying return debt obligation
 0
3 replies to this topic
#2 Guest_bsmith_*
Guest_bsmith_*
Posted 04 October 2008 - 09:06 AM
TURDO = Love it!!- LOL!!! nm
#3
bearking
Skunk man to the rescue!
Posted 04 October 2008 - 09:26 AM
patriotic Americans need to closely watch what the Fed, the Treasury and our "leaders" are doing.
#4
sss355
Black Bear Posted 04 October 2008 - 09:32 AM
even unpatriotic americans need to watch tsy nm
1 user(s) are reading this topic0 members, 1 guests, 0 anonymous users |
|
