Mortgage Renegotiation

sugarpop · 03-17-2009, 10:17 PM

Thanks Beestie. My understanding (and believe me, while I have very strong opinions around this issue, I don't understand most of it) is that they were bundled and sold, and that happened so many times, in some cases they don't even know who owns the mortgage.

What is the credit default swap?

classicman · 03-18-2009, 10:01 AM

Quote:

Originally Posted by sugarpop

while I have very strong opinions around this issue, I don't understand most of it

tw will have a field day with that one. n Thats gotta be worth at least 500 words.

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03-17-2009, 10:17 PM	#1
sugarpop Professor Join Date: Nov 2008 Location: the edge of the abyss Posts: 1,947	Thanks Beestie. My understanding (and believe me, while I have very strong opinions around this issue, I don't understand most of it) is that they were bundled and sold, and that happened so many times, in some cases they don't even know who owns the mortgage. What is the credit default swap?

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