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

To: MulhollandDrive who wrote (150193)9/25/2008 11:11:59 AM
From: CalculatedRiskRead Replies (2) | Respond to of 306849
 
It depends on the trash. That is one of the problems, each piece of RMBS is different. Which deal? Which tranche? Is he talking about CDOs?

There is some trash that might be worth 90cents on the dollar. There is toxic waste that is worth zero.

We can't just pay one number.



To: MulhollandDrive who wrote (150193)9/25/2008 12:50:47 PM
From: bentwayRespond to of 306849
 
"and bill gross wants the taxpayer to pay .65 on the dollar for this trash"

None of the players wants their game reformed.



To: MulhollandDrive who wrote (150193)9/25/2008 1:39:10 PM
From: Jim McMannisRead Replies (1) | Respond to of 306849
 
"and bill gross wants the taxpayer to pay .65 on the dollar for this trash"

So they can resell it for 30 cents on the dollar. All talk of da' taxpayer making a profit is a JOKE. Always was.


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