{"id":11321,"date":"2009-08-24T00:00:00","date_gmt":"2009-08-24T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"wall-street-repackages-debt-for-sale","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2009\/wall-street-repackages-debt-for-sale.html","title":{"rendered":"Wall Street repackages debt for sale"},"content":{"rendered":"<p> ReportonBusiness.com &#8211; Financial gurus call it a &ldquo;rerecuritization of real estate mortgage investment conduits.&rdquo; On Wall Street, it goes by the acronym Re-Remic (it rhymes with epidemic).<\/p>\n<p> &ldquo;It actually makes a lot of fundamental sense,&rdquo; said Brian Bowes, the head of mortgage trading at Hexagon Securities in New York. &ldquo;It&#8217;s taking a bond that doesn&#8217;t necessarily have a natural buyer and creating two bonds that might have a natural buyer for each.&rdquo;<\/p>\n<p>As for the bottom-of-the-barrel bonds that are left over, those are getting sold off for pennies on the dollar to investors and hedge funds willing to take big risk for the chance of a big reward. <\/p>\n<p>   <a href=\"http:\/\/www.globeinvestor.com\/servlet\/story\/RTGAM.20090824.wdebtforsale0824\/GIStory\/\" target=\"_blank\" title=\"Read Complete Article\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ReportonBusiness.com &#8211; Financial gurus call it a &ldquo;rerecuritization of real estate mortgage investment conduits.&rdquo; On Wall Street, it goes by the acronym Re-Remic (it rhymes with epidemic). &ldquo;It actually makes a lot of fundamental sense,&rdquo; said Brian Bowes, the head [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[15620,3004,15617,15618,15621,15612,15615,11708,15619,4504,15614,15613,15611,15616,86,4464],"class_list":["post-11321","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-acronym","tag-bonds","tag-bottom-of-the-barrel","tag-conduits","tag-epidemic","tag-financial-gurus","tag-fundamental-sense","tag-hedge-funds","tag-hexagon","tag-investors","tag-mortgage-investment","tag-pennies-on-the-dollar","tag-real-estate-mortgage","tag-remic","tag-risk","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=11321"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11321\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}