| 30.10.2008 Other Voices: Troubled Asset `Belief` Program |
| This article was authored by Shahriar Shahida, CIO at Constellation Capital Management LLC, New York:
During the past three weeks since Congress passed TARP, the levered loan and high yield indices have fallen over 7%; the AAA tranche of the 2007 sub prime mortgage indices are down over 19%; and the SP 500 index is down over 22%. The question that begs to be asked is why? Wasn’t TARP s |
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