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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: John Metcalf who wrote (66584)7/12/2007 11:49:24 PM
From: mishedlo  Respond to of 116555
 
John no one can make the offer because no one knows who holds the paper.
It was sliced and diced into tranches and the further split into CDOs squared. Hedge funds, insurance companies, and foreign governments have the bulk of it. About the only thing that can get done is if Fannie or freddie holds the paper. Otherwise, good freaking luck.

Mish