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Tuesday, November 20, 2007

 

gmac credit problems

looks like gmacs stake in the number 2 HOME lender is causing the gmac 6% to go to 60 cents on the $1.00 these are not all that tradeable thought... 12 bond at 60% of value... you get 5.3 on the cap gains and 9.72 on the interest.... these are the $1000 units that have thier own market... offered new through fidility in 1's and scottrade in 3's (thousand)... when they are issued not that liquid

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