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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 494.42

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4:00 PM EST

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To: elmatador who wrote (28751)	1/29/2008 2:19:28 AM
From: Elroy Jetson	Read Replies (1) of 219836

What did banks mean when they said there is "no liquidity" in the secondary market, when the subprime problem hit the headlines? What they meant was, when they tried to sell their mortgage assets on the open market they were offered substantially less than full value, say 25%, or often nothing at all! If you believe there is a liquidity problem in the subprime bond market, then put your personal savings, aka your liquidity, to the test. Buy some of these mortgage bonds and watch your money quadruple as the homeowners send in their payments in full - or not. I'm confident this is an insolvency problem and many of these loans will never be repaid. So I'd recommend against buying these discounted bonds. But if you believe its a liquidity problem you'll make big profits. Keep us posted at to which heavily discounted mortgage bonds you decide to exchange your liquidity for. .

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