If the Book of Revelation speaks of the mystery of the end of time to a believer, to a secular person the verse that I have quoted serves as a dramatic and quite literally effective reminder of the challenge threatening humanity and the planet, its ‘common home’, for which it must care.1 Provided we are farsighted in discerning the ends, and wise in choosing the means, a reaction is possible and, therefore, necessary.
This program just got under way; the first subscription for funding under the program was completed yesterday, with the funds to be disbursed next week. Over time, we expect to expand this facility to include loans against other types of newly issued AAA-rated asset-backed securities, such as commercial mortgage-backed securities and private-label residential mortgage-backed securities.