> RoMunn wrote:
>
> Derivatives - of mortgages.

You couldn't be more wrong.  That's simply the fact.

Mortgage-backed securities have been around since the Johnson administration.

Take a look into swaps.

Then take a look into "credit"

Then realize that mortgages are only one type of credit.

But either way, you're going to find out within 9 months.

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