here's some very interesting info, page-59

Phtoios,

All i was responding to was your comment:

"Furthermore,imo,no other financial institution would touch mae as it stands.Why do you believe they have not refinanced with another financial institution if that was available to them.Because wherever they would go, they would be considered high risk and no one would provide better terms.To support mae you would need to know it's past as the balance sheet alone would not be enough.As it stands,to receive cont. financial support from existing financiers is an endorsement".

So in response, what i extracted from that was that you were pointing out how some investors don't know the logic here...they don't know how or what could keep banks investing in MAE, but that they are nonetheless and that you think the banks know more than the general public.

Hence, my response was that its like the physics of a souffle , or the physics of a bee flapping....ie, its happening in real-world terms, regardless of real-world restriction (physics).

L