> Rasta-Man wrote: > > that would work, if and only if it came with re-appraisals to fair > market value... > and if everyone just took a deep breath and we started over again. > > its what ive been saying since day one to my friends and family >
The banks would bitch because now you're f'n with the principle. On the surface that seems like "f'em, who cares?" but I think the trick is how that booked asset readjustment would flow throughout the World due to CDOs and CDSs. But then someone would have to run scenarios with foreclosure and dump rates to see what the delta would be. I can't see as how it'd be that much different. But then that triggers the swaps. AIG for example has "insured" (but it ain't insurance) zillions of MBSs globally. No matter what we do, if/when those MBSs start to crater how do they plan to deal with the swaps? I have no idea, but it's gotta factor in there somewhere cause we're talking 10 trillion in swaps maybe ... maybe more. I don't know. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:289224 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
