Always good opinions.
The problem is that the maximum rate paid by the issuer is not juicy enough to make up for the possibility that the buyer might get "stuck" with his purchase?
In the end what we want is to get confidence back in this market.
Maybe a new demand security is the answer, my thought was to create an underlying trust, which now a days might require the Fed's implied support. Once this market gets un-stuck, I expect the Fed will have little if any role.
Thanks for your patience.