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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: LTK007 who wrote (30869)3/13/2008 5:41:19 PM
From: Elroy Jetson  Read Replies (3) | Respond to of 217529
 
The entire system is over-leveraged, and you can't fix that with more new debt.

I'd bet a significant part of the "$200 billion swap for 30 days" went to Bear Stearns.

Bear Stearns has always been big in the mortgage secondary market - a toxic mortgage sliver, dicer, syndicator to primarily foreign buyers.
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