Quote:
Originally Posted by WarChild
Many of you seem to think the Resolution Trust will take worthless assets and impair the US balance sheet. This is driven by the incorrect assumption that mortgages and houses are worth nothing at all. While not holding the value they once did, they're certainly not worth half of what they once were. Not to mention that it's the financial institutions/investors who hold them that have been taking the losses, not the goverment.
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You need to get on the phone to your broker asap and tell him you want to buy some mortgage backed bonds! If you are right you will make a killing! You say these securities that are referred to as 'toxic' and 'junk' are under-priced?!?! GET IN THERE NOW! Also, when you are ballin after you make cash on them during the upswing you can phone up the losers from Merrill/Lehman/Bear who got it all wrong and missed the windfall profits!
The good news for you is that if you havent bought any, and you are a US taxpayer, Paulson has already done that for you with your tax dollars!