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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (145188)1/22/2002 2:04:10 PM
From: GraceZ  Read Replies (1) | Respond to of 436258
 
They've got almost 2 TRILLION in mortgages they're hoping don't give them any problems going into a recession....

How much of that is stripped out into mortgage backed securities?



To: LLCF who wrote (145188)1/22/2002 2:34:49 PM
From: Ken98  Read Replies (1) | Respond to of 436258
 
Not to mention a $Trillion or so in contingent guarantees and other credit enhancements, for which they maintain zero loss reserves (kind of like those Enron deals).



To: LLCF who wrote (145188)1/22/2002 6:42:12 PM
From: Terry Maloney  Respond to of 436258
 
DAK, seems to me the fate of fanny mae and the clownbuck are closely entwined. The only question is which will be the chicken and which will be the egg? <g>



To: LLCF who wrote (145188)1/23/2002 10:23:59 AM
From: Earlie  Respond to of 436258
 
Dak:

I vote that one for "understatement of the year". (G)

Best, earlie


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