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September 28, 2008



That's what I think too. Bring real bidders in, and create a real market.


Rather dense material (as usual). I'd recommend it as an aid to insomniacs.

Anyhow, I do not understand why I have not heard of some consortium of people trying to establish funds to buy this "junk." It would seem like a rather savy op given some of the implied pricings. Personally, if I had expertise in this area I'd be quickly trying to raise a fund to buy some of the mispriced RMBS/collateralized bs obligation stuff.

Eric/Richie, why aren't you on a road show right now? Are people really that spooked?


you really did read the whole thing, huh!?

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