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: neolib who wrote (172064)	12/17/2008 4:27:44 PM
From: energyplay	Read Replies (1) of 306849

All the Inland Empire MBS will be in default, both 4 & 5. The bank currently owns MBS 5 and has a CDS on MBS 4. If the congress wants to outlaw CDS going forward, they can do it. They can also extinguish existing CDS, if they wish. John Dizard (columnist for the Ft.com) also thinks CDS should go away. ft.com

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