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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Hawkmoon who wrote (110859)3/17/2008 10:49:42 AM
From: patron_anejo_por_favorRead Replies (2) of 306849
 
>>So long as mortgage payments continue to be made, and interest passed on to the MBS', how can it be declared "garbage".. <<

First of all, a large chunk of mortgage payments aren't being made. That's why all of this got started.

Second, you and Forbes are completely ignoring the effects of leverage on the effects of the instruments in question. I suggest you read this, then get back to us:

blownmortgage.com
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