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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (44751)	11/4/2005 12:03:02 PM
From: C.N.S.	Read Replies (1) \| Respond to of 110194

Russ, I read your Wall Street Examiner article for the first time. wallstreetexaminer.com Most often than not, I agree with your viewpoints and consider your analysis to be very insightful. However, I think you are reading too much into Indymac's latest report (where they say that they are selling their Alt-A pools to GSE's). First, Alt-A's are not subprimes. Second, GSE's like FRE have been set up to buy Alt-A's for a long time now. To the best of my knowledge, FNM & FRE do not directly buy subprime (i.e FICOS less than 620). (Of course, there are government programs like FHA loans that deal with subprime customers, but that is a different discussion).