[Toddsterpatriot]

Covered bonds are a good move...and if Paulson will just push Congress to make them tax-free like muni-bonds

They'll never give up the tax revenue on such a huge chunk of the bond market.

[NVDave]

Absolutely agree. The size and magnitude of the RMBS market is such that talk of making them tax-free would amount to quite a tidy sum of tax revenue having to be offset.

Ain’t gonna happen, and if it does, it means that there some serious turdage that has hit the turbine blades.