The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Lizzie Tudor who wrote (154195)	10/4/2008 11:19:19 PM
From: Pogeu Mahone	Read Replies (1) of 306849

The hedge funds are already all over these portfolios. carlyle, cerberus,etc have offered to buy these 20 cents on the dollar right here and now. Later 5 cents on the dollar because this is not wine and does not get better with age. ================ The problem is there is no way to separate out the wheat from the chaff here or any other of these trusts. What the fed needs to do is buy this for .20, chop it up and separate out the good loans. If they were buying these for .60, that would be a different story but buying a toxic portfolio with a weighted avg loan to value of 73% for something under .30 on the dollar is not that bad of a deal.

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