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by mjevans 1199 days ago
As far as coverage has stated so far, the underlying assets ARE solid...

Problem is they're just not even a good investment compared to brand new fed bonds / bills of short / long (might have that backwards) due to the now MUCH HIGHER interest rates. They locked in at historically low rates, and had a bank run on their free reserves.
1 comments
heisenbit 1199 days ago
But then the coverage has mentioned also CMBS. An if you think about those, think about Covid and think about SV remote working…
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tetrahedr0n 1199 days ago
I'm sorry, I don't follow the logic here. Do you mind elaborating?

I see some correlation between SV remote working and COVID, but don't understand how mortgage backed securities play into this. Are you suggesting higher inflation on the way, lower property values, higher rates, and that it was intentional?

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