The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Mike Johnston who wrote (68390)	8/16/2006 1:48:37 PM
From: russwinter	Read Replies (3) of 110194

Someone is holding all those 5% fixed mortgages from 2003 in an inflationary environment. Fannie Mae, Asians ?> Not just 2003, look at all the securitization of ABS and mortgage backed in the last three quarters. This toxic waste is pretty much everywhere: pensions, FCBs, hedge funds, banks, hidden in so called "government securities" money market funds, you name it. It funny how nobody really comes clean on who holds the rising delinquencies, and what is sure to be a foreclosure rout? There is also a lag time (or falsification?)in company reporting apparently. Enronitis?

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