Jim Sinclair’s Commentary
This is total horse-****.
A so called asset that has no market is worth nothing at all.
How packages of broken and semi broken mortgages are going to make each item have value when it is only a negotiated value as so many parts of the package are permanently broken and semi broken is as impossible as a Gordian knot to undo.
They are worthless items that accounting rules are giving a break to by allowing them to be valued at any value at all.
Here is another amoral, bombastic statement that you have no right to know the TRUTH about.
What a disgrace!
Let the banks holding your assets "Lie" to you regarding values, and all will be well. How far have we sunk into a state of total disgrace as human beings?
Let The Bank of England refuse to tell pound holders how many pounds are outstanding and all will be well.
The USA no longer publishes M3 because people might find out what is really happening in fiscal stimulation.
Why not let public companies issue shares and never tell stockholders how many are outstanding?
Where is your OUTRAGE?