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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: MulhollandDrive who wrote (150193)9/25/2008 11:11:59 AM
From: CalculatedRiskRead Replies (2) of 306849
 
It depends on the trash. That is one of the problems, each piece of RMBS is different. Which deal? Which tranche? Is he talking about CDOs?

There is some trash that might be worth 90cents on the dollar. There is toxic waste that is worth zero.

We can't just pay one number.
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