Cautious Reaction To U.K. RMBS Guarantee Plan

25 Nov 2008

The U.K. government’s plan to guarantee new residential mortgage-backed securities has been met with caution by bankers and investors.

The U.K. government’s plan to guarantee new residential mortgage-backed securities has been met with caution by bankers and investors. In its pre-budget report, the government said it was adopting the recommendation by Sir James Crosby to create a temporary guarantee plan, which includes a government auction of an ...

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