Foreign investment bankers have long advocated the development of a market in securities tied to Japan's large pool of nonperforming real estate debt.
The lending program will address the broken markets for securities tied to residential and commercial real estate and consumer credit.
Chain-ganging occurs when a state sees its own security tied to the security of its alliance partner.
Private lenders will, hopefully, respond by trading in their short-term Mexican securities tied to the dollar for longer maturity obligations at reasonable interest rates.
At the other end of the yield spectrum for more risk-oriented individuals are securities tied to real estate, such as limited partnerships.
Prices moved higher for a time yesterday, bolstered in part by rumors of a large purchaser of 10-year securities tied to the mortgage-backed market.
The collapse of the American housing bubble caused the values of securities tied to real estate pricing to plummet thereafter, damaging financial institutions.
Consider a security tied to my house burning down.
But it will effectively do almost the same thing, raising up to $78 million by issuing securities tied to the price of Netscape stock.
The government, in return for its outlays, will obtain ownership of securities tied to the mortgages of millions of American homeowners.