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Politics : Welcome to Slider's Dugout
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To: RonMerks who wrote (8743)3/26/2008 2:20:12 PM
From: dvdw©   of 50684
 
I would tend to believing these data. While it may be off by a little, here is how the current crisis could have been constructed.

Of all the mortgages sold in the period = X and those selling them took 5 to 15 sure losers, and bundled them with 20 or 200 medium to good ones. You still do not have the numbers this crisis indicates. So we look around the edges, for what might we find?

If rumors are true that many foreclosures can not be completed due to no title chain, that indicates that each bad mortgage could have been multiplied. Kind of like a naked short multiplies a float.

This is one possibility for the gross expansion of the numbers, those doing the packaging, may have sold the same tainted packages, more than once.
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