Annaly Capital: Getting Your Slice of the Bail-Out Pie [View article]
Chimera (cim) is really a sub of nly in all ways - and it is not agency paper. nly left the shire when they created cim - so toss out fat historical px/book premiums. then if u think their is prepayment risk ask how the funding will look if rates subsequently rise?
Annaly Capital: Getting Your Slice of the Bail-Out Pie [View article]