Bill Wexler's Trading Cabana Message Board

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Non-Tech : Bill Wexler's Trading Cabana

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To: Mark Marcellus who wrote (2574)	8/11/2007 4:39:09 PM
From: The Reaper	Read Replies (1) of 6370

Thank you. I finally have an answer to my internal question as to how a foreign bank could have exposure to sub-prime or Alt.A mortgages. After hearing Paribas and a German bank last weekend moaning about the mortgage mess, I've been trying to figure out just to what extent foreign entities could be involved. I guess that answer is.... a lot. Being long anything right now is wrong, dead wrong. There will be a rally on an interest rate cut or some other band-aid, but when and where that will come in is anybody's guess and in the meantime, this is a ticking time bomb. That rally will be the greatest shorting opportunity in the last 7 years.

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