It’s a MBS that went to zero as part of the 2008 troubles. The underlying mortgages for it are no longer available because it and the company that sold it are gone. Before the default mbs prospectuses listed the mortgages in each tranche along with metadata like type, credit rating, etc.
Your turn. Can you find a single bond trader who has sold “commercial paper” backing tether? I’ll take a journalist who has talked to one as well.
PS: I’m not a beneficiary of calpers, this is public information available to anyone. My private retirement funds and money markets all offer at least this much information in their documentation if not more.
It’s a MBS that went to zero as part of the 2008 troubles. The underlying mortgages for it are no longer available because it and the company that sold it are gone. Before the default mbs prospectuses listed the mortgages in each tranche along with metadata like type, credit rating, etc.
Your turn. Can you find a single bond trader who has sold “commercial paper” backing tether? I’ll take a journalist who has talked to one as well.
PS: I’m not a beneficiary of calpers, this is public information available to anyone. My private retirement funds and money markets all offer at least this much information in their documentation if not more.