Tuesday, May 20, 2008

"AmeriCredit Raises $750 Million in Subprime Auto-Loan Bond Sale" (Bloomberg)


It is very good to read this. Perhaps a harbinger of better things to come. When subprime debt can again be bought and sold, then it may be time to revisit some of the asset writedowns. Such upward revaluations could be seen by the markets as a significant positive, of course.

Bloomberg.com: Worldwide

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