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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 (45714)	11/17/2005 9:30:48 AM
From: Ramsey Su	Read Replies (2) \| Respond to of 110194

I listened to the CFC presentation at the GS conf. It is interesting that all the tough questions are still related to IO or Option Payments. I did not remember any questions about reset. What I find most laughable about the CDS is the availability of a counter party. Are they assuming that there will always be a sucker somewhere to take the risk off the hands of the mortgage originators, regardless of how unsound their underwriting may be?