4 ms·
The issue isn't that the loans are likely to default, it's that the present value of those loans has gone way down as even short term securities have higher int
by CydeWeys 3y ago
The issue isn't that the loans are likely to default, it's that the present value of those loans has gone way down as even short term securities have higher interest rates now. If you need to sell those loans you'll take a large haircut on them.