Bonanza36

Toxic Bear Stearns Mortgage Paper Performing Well

Well now we hear that 39% of ALL subprime loans are in default. Are we supposed to believe that BSC paper is performing any better than the average??

Doubtful.

We should believe what someone at Blackrocks says? So they can sell us their crap sandwiches at a higher price?

Sure thing, you go first.

Toxic Bear Stearns Mortgage Paper Performing Well

Let me understand this. The market is wrong and Tom Brown is right. Uh huh.

Mortgages are worth what the market will pay. Brown has lost millions of his customers money but boy is he optimistic.