User 167134

Thoughts on the Bear Stearns/JPMorgan Deal

Whatever. You act as if those mortgages have no value. They may be impaired but are worth >0.

Top tier traunches are less risky than people are giving them credit. Bottom traunches are junk but not all classes are. I wish I could get into the hedge fund that buys these assets up at pennies on the dollar.

Keep spreading fear to get your puts in the money!