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

To: Paul Kern who wrote (109251)	3/12/2008 9:13:30 AM
From: Think4Yourself	Read Replies (1) \| Respond to of 306849

I think what they are trying to do is establish a market for the paper. Right now nobody will touch the stuff, because they don't know what it's worth, and the markets have locked up. A lot of it has value but nobody knows what it is because the securities are so opaque. Lack of transparency is the real problem. A better solution would be for the ratings agencies to actually do their jobs with respect to this paper but that isn't likely to happen.