Quote
Your art can be priced... you just don't like the price it is at. Mortgage Back Securities right now cannot be priced due to a lack of market for them.
True—but they are worth something. As are the houses secured by them. Figuring out the true value is the tricky part. I say go back to 2003 housing values and you’ve gotten pretty close.


Get your facts first, then you can distort them as you please.