On 5/7/07, raghu <[EMAIL PROTECTED]> wrote:
In any case the original article does talk about securitization: ------------- 58: "Don Davis, managing director and general counsel at Commercial Strategy, a Boston intellectual property consulting firm, says the potential for a market in bonds backed by intangible assets could be even bigger than the market for junk bonds, given that 70% to 80% of the total value of the stock market rests on intangibles such as intellectual property. "The scale is astounding," he says." ------------
I should mention that the underlying assets this guy seems to be referring to are the KCB trademarks. If Sears ever decided to sell these bonds to the public how would you know how much to pay for trademarks? And how can you make sure the poor hump managing your city's pension fund does not go and buy these bonds? -raghu.
