locke

The Worst Is Over ... Again ... And Again ...

Baji, instead of being a jerk like the other posters, I'll give you the reason I think the losses could be greater that the mere sum of losses due to mortgage depreciation. The banks don't just have mortgage-backed securities on their books. They have leveraged MBS. As in, they created derivatives for the mortgages and and securitized that.

If SeekingAlpha is going to have a test before letting people post, they should test to make sure people aren't nasty, abusive twits like Negative Carry and Voice of Reason.