Some time ago I posed a question about why the Australian Office of Financial Management would want to include low doc loans in its purchases of securitised mortgages (see Low doc loans? Ship ‘em in! and Low doc loans a concern to ASIC). It seems that the matter is now getting airtime in the Senate’s banking/GFC enquiry (see the Macro business story and part of the hearing transcript here) although it seems like an answer is as far away as ever.
Tuesday, August 14, 2012
Ninjas strike back!
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