tag:blogger.com,1999:blog-3782644139927778760.post-22424710299202159352007-12-13T11:30:00.000-05:002007-12-13T11:30:00.000-05:00Excellent post and comments.<BR/><BR/>News reports state that Temporary Auction Funds winners will remain anonymous. Will they disclose how many banks were bidding, or the portion of the funds sold?<BR/><BR/>There has been a realization that real estate isn't as valuable as was thought; mortgages aren't as secure as was thought; ratings of securitised debt isn't as high as was thought; financing long term debt with short-term money isn't as sophisticated as was thought.<BR/><BR/>What should a holder of overvalued stuff do (assuming they are solvent)? Borrow against it? Then invest the proceeds? In what?Mikenoreply@blogger.com