MLRA and the central bank

the russian is asking hard questions in blogland… … temic.html

Arra now there must be 10bn of good. The assets available for sale was 7.9bn at ye2009. 6.2bn was rated AA / AAA. Depending on maturities, this should be ok. Now it’s possible that some of this might have been pledged as collateral on derivative contracts, but it should be possible to replace such pledged amounts with nama bonds ( :laughing: ).

Come to think of it, the NAMA bonds could go into the ‘good bank’ or where does Constantin think they’ll go?