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

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To: Pogeu Mahone who wrote (85095)8/15/2007 10:36:39 AM
From: John Vosilla  Read Replies (1) of 110194
 
'Do you really believe if you overpay by 50%, you are not in trouble?'

Were they really doing a lot of no down in Europe too? Seems to me the financial institutions are the ones in the most trouble. Those who bought a long time ago sitting pretty or soaked all the equity out of it and partied like 1999. Those who bought at high bubble prices without any cash lose little too.. Tranches above 60% LTV total losers for holders of that paper which sent Wall Street into a panic..
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