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

To: Peter V who wrote (106335)2/22/2008 7:01:33 PM
From: lifeisgoodRead Replies (1) | Respond to of 306849
 
Best I can tell the thinking is:

With the monoline insurers "solvent," banks can continue to pretend that the mortgage loans currently marked at level III are "performing loans" when, in fact, they are not. Consequently, banks don't have to take bad loans on their balance sheet and write down billions.

It will just delay, but not avoid, these write downs IMO. The loans are still bad whether the insurer of those loans is solvent or not.

best...

LIG



To: Peter V who wrote (106335)2/27/2008 11:25:18 AM
From: microhoogle!Read Replies (3) | Respond to of 306849
 
Any opinion on FXP at 81.00?



To: Peter V who wrote (106335)2/27/2008 11:46:41 AM
From: carranza2Read Replies (1) | Respond to of 306849
 
How does an undeserved AAA rating on an insurer translate into a stellar insured security?

If the security is crap and the insurer is crap, they are both crap, regardless of the ratings.

A phantasmagoric spin and semantics game which in the end means nothing.

Listen at what gold, the Yen and the Swiss Fr. are telling us.


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