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Deutshe bank. Please burn down another one of your buildings. kthnx bye.
"Household saving rate is poised to fall."
Only in bizzarro-world is this good news.
We may never see another private label RMBS again with risk retention. More likely a covered bond market will develop in the US.
My banker's always emailing me their foreclosure inventory with a "Let's make a deal," lead-in. He knows how to make me laugh. BTFD - Way way way further down the road, if the country doesn't blow up first.
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