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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Jim McMannis who wrote (105049)2/14/2008 1:56:19 PM
From: Think4YourselfRead Replies (2) of 306849
 
The general market is not appreciating the seriousness of what is happening right now. This is big, real big. All of the owners of CDO's out there are about to have their default insurance effectively disappear. CDO's are backed by mortgages, and a lot of them are subprime.
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