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To: ild who wrote (253867)8/4/2003 1:55:52 PM
From: Knighty Tin  Read Replies (1) | Respond to of 436258
 
ild, they are probably AAA. GM made more money on mortgage flim flam last year than on selling cars. But the thing is, even housing for welfare recipients is AAA if you package up a bunch of them together. These are called "whole" loans, as opposed to govt. guaranteed AAAs.