What am I Doing?

Wednesday, August 22, 2007

Accredited Home Lenders

Dear Diary,

This post that I read this morning from the Wall Street Journal is great.  Accredited speaking about it's $1 billion loan sale, and it's attempts to save itself from margin calls.

Accredited: "...[I]f the market improves to a rational level, our intention is to repurchase these quality loans by mid-November."

The WSJ then compares this quote to something John Maynard Keyes said, "The market can stay irrational longer than you can stay solvent."

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