WSJ weighs in with 'Aussie Mac' in the making

Crikey
16 October, 2009

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Four days after the Treasurer announced a further $8 billion of government purchases of residential mortgage-backed securities through the Australian Office of Financial Management (AOFM), the Wall Street Journal decided to weigh in, calling the scheme an "Aussie Mac in the making", writes MBS Professor Joshua Gans.

And it means this as a derisive term. The WSJ states that most borrowers have "naturally … [Read Full Text]

Joshua Gans

Professor of Management
Innovation Research Program, Centre for Ideas and The Economy