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To: Logain Ablar who wrote (93060)	3/11/2004 11:39:11 AM
From: reaper	Respond to of 209892

yeah, we talked about this some on Mish's thread. unwinding his relatively small positions in an orderly market, and still taking losses vis-a-vis his mark-to-market prices. that is why Fannie's "mark-to-market" is such a laughable joke; the "market" prices of Fannie's derivative portfolio exist only in a spreadsheet and not in the real world. and btw, Toronto is a dark horse for nothing, except third place in the AL East. Delgado will be playing 1B for the MFY by the trading deadline. <g> Cheers