> Keeping securities until maturity also gives it the flexibility to avert mark-to-market losses. They're still losses even if you don't mark them to the marke

> Keeping securities until maturity also gives it the flexibility to avert mark-to-market losses. They're still losses even if you don't mark them to the market. I think the next round of bailouts there is going to be a lot more corporate bond buying and subsidized borrowing by banks against bonds at par value.