- Repo market, reeling from subprime mortgage crisis, is no longer a cheap viable method of accessing short term capital.
- Bear Stearns sells off, Carlyle Capital liquidates and KKR Financial Holdings restructures debt for a second time in four months.
- New Fed “primary dealer” repo program loans nearly $30 billion - although unavailable to hedge funds, the resulting increased liquidity may stabilize industry and support hedge funds.
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