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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Travis_Bickle who wrote (94506)11/12/2007 11:55:05 AM
From: Jim FlemingRespond to of 306849
 
re mortgage exposure for Fido

How much in the equity and bonds of financial entities that have too much mortgage exposure???

Jim



To: Travis_Bickle who wrote (94506)11/12/2007 12:02:03 PM
From: DebtBombRead Replies (2) | Respond to of 306849
 
Any of their money market funds or maybe even their margin firms could have bought CDO's or some other crap. Just because they don't offer mortgages doesn't mean they don't have some indirect exposure.

Nothing is contained, IMO. This is going to snowball into some people's worst nightmares.

It's a house of financial cards.

I would be very careful.