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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (39917)	12/24/2009 10:07:38 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 71588

So what? All the securitized sub-prime mortgatges in the entire world don't amount to even 5% of the notional value of the global Credit Default Swaps markets.... Hell, even securitized US COMMERCIAL real estate markets (crashed also...) greatly exceed all the sub-prime markets. And JUMBO mortgages (and all of their securitized product) --- which are world's removed from 'sub-prime' and never qualified for any government programs or Agency purchases --- crashed just as big, if not bigger, then low-end single family product did. You are ignoring an entire forest of financial collapse and hurt for focusing just on a tiny part of it....