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

To: Giordano Bruno who wrote (84536)	8/4/2007 9:54:13 PM
From: 10K a day	Read Replies (1) \| Respond to of 110194

>A leverage ratio, in other words, of over 180-to-1. < That is extremely convoluted. When a loan goes in to default it [may] be sold down the line....Maybe to an entirely new shell company. One company may be foreclosing (and snowing them w/ lawsuits) and another company may be [inheriting or buying] the non performing loan all at the same time. It's so very twisted...I've seen it before. The end game is no one has to take responsibility for anything.