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Apologies to Robert for joining the mob.

You're forgetting the impact of mortgage foreclosures on CBO market and all the various instruments financially engineered (sic) over the last 20 years.  Most of the latter were leveraged meaning the downside is much worse than the money owed for the mortgages.

A doo run-run-run, a doo run-run

by ATinNM on Sun Dec 16th, 2007 at 07:10:57 PM EST
[ Parent ]
"CBO?"  typo I meant CMO - Collateralized mortgage obligation


A doo run-run-run, a doo run-run
by ATinNM on Sun Dec 16th, 2007 at 08:21:59 PM EST
[ Parent ]

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