Items Tagged with 'Master Liquidity Enhancement Conduit'


  • Dude, where's my liquidity?

    PennyMac Mortgage Investment Trust is planning to buy up newly issued loans and package them into bonds. A posting at Bloomberg has the scoop today. The conduit arm of PennyMac would buy the mortgage loans as short-term investments. It sounds promising in terms of short-term funding, but the question remains whether this conduit vehicle will last: Has the industry already forgotten the short-lived MLEC dreams?
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  • Troubled Citigroup for Sale?

    (Update 1: reflects CEO Vikram Pandit's statements in a company conference call.) In our current market, if a large financial institution so much as sneezes, the vultures perk up their heads, shake out their wings and, in cases where the pickings are promising, start circling even before the firm fails. So when shares of Citigroup Inc. [stock C][/stock] fell 26 percent on Thursday -- not exactly a sneeze, but more like a seizure -- it follows that there would be some sort of hype about the troubled banking giant with 200 million customer accounts in 100 countries.
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