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Hsieh: Issues With Government Stimulus Programs

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Uploaded by on Nov 5, 2009

Jackson Hsieh of UBS Investment Bank says PPIP and TALF were good programs, in concept, to re-start the secondary, securitization market, but they have not taken off because property values have fallen so far that banks cannot refinance previous loans made at higher asset values unless property owners put in additional equity -- which most are not in a position to do.

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