I posted a quickie on remarks from BlackRock earlier: Blackrock warns not to ignore Home Capital 'woes' (I reckon they're right)
Here is the link to the Bloomberg piece now, with further elaboration:
- "This could be just an isolated situation and that's the higher-probability outcome at this point, but you cannot ignore the risk that this can get messy," Basdeo said by phone. "At the moment it doesn't appear to be a credit issue -- it's just a liquidity issue. But a liquidity issue can easily morph itself into a credit issue."
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"a liquidity issue can easily morph itself into a credit issue" ... that's the nub of the bigger picture concern.
