Death to the MLEC and a delay to the ABX 08-01s

- As suggested earlier, the MLEC is dead.
Confirmation from the WSJ is, here.
- And also as predicted, the ABX 08-01s aren't coming any time soon.
Finally, in the bleedingly obvious category, Bloomberg tells us that monoline wraps are less valued than they used to be.
Labels: ABS
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