PlentyOStocks

Toxic Bear Stearns Mortgage Paper Performing Well

Tom, the same pathetic bashers I see. It is amazing they spend so much time reading your posts when they claim they are not worth reading. Pretty Sad. I've met many successful people in my life and they are all optimistic and supportive. Only people who have succeeded at nothing are quick to find fault with others.

The mortgages are just like the Bear Sterns paper. The market says they are worthless, but people are still paying their mortgages.

How can the mortgages be worthless and at the same time the Government is on record that they will bend over backwards to make sure no one has to lose their home.? The answer of course is they cannot, and the government backing means most mortgages will remain good.