finance.yahoo.com/news/gm-ford-face-billions-losses-135232626.html
There is nothing the Fed can do about these problems, and as collateral continues to deflate, credit markets will increase their distress.
This is the 3rd in a series of Posts that highlight the deterioration of collateral in the credit markets.
1st we had CMBS reporting that delinquencies are sending many loans to special servicing. this will result in a drop in prices for Commercial Real Estate Collateral.
2nd we had an article on CLO downgrades in the underlying loans, downgrades decrease loan values, hence collateral problems.
3rd we are seeing deterioration in the collateral for countless auto securitizations.
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