turkeyeyes

So the Perpetrators Are Now Our Saviors?

Let's not forget, we really have no accurate way of determining the value of these mortgage bundles.

That is a hell of a lot different from saying they have NO value as is alleged by the shorts who basically caused a run on the banks.

Hence, WB is fetching a fine price today and the shares are jumping.

Now it's time to look at FNM and FRE with a fresh eye.

Remember, most of their mortgages were originated WAY before this valuation issue was trumpeted by the buglers of doom.