- Location
- MilkyWay Galaxy
http://publications.fidelity.com/in...agename=IW080929govtrescue&fca_id=20084190p07
These is an interesting read (above) for those interested in the details of the financial markets and the current problems with re-kick starting the system.
"Second, the market pricing mechanism for most of these assets has completely broken down. Because many institutions have been trying to unload the same types of troubled assets at the same time, the selling has over-whelmed the buying, resulting in fire-sale prices or the complete lack of trading at any price. Determining the exact values for these complex securities, in an atmosphere where the price discovery mechanism of the market has broken down, will be a Herculean task."
http://publications.fidelity.com/in...ion/loadArticle?pagename=FEA080915mareupdate2
These is an interesting read (above) for those interested in the details of the financial markets and the current problems with re-kick starting the system.
"Second, the market pricing mechanism for most of these assets has completely broken down. Because many institutions have been trying to unload the same types of troubled assets at the same time, the selling has over-whelmed the buying, resulting in fire-sale prices or the complete lack of trading at any price. Determining the exact values for these complex securities, in an atmosphere where the price discovery mechanism of the market has broken down, will be a Herculean task."
http://publications.fidelity.com/in...ion/loadArticle?pagename=FEA080915mareupdate2