Originally Posted by kap17
Mortgage Back Securities right now cannot be priced due to a lack of market for them.

LOL, they can't be priced because they're s***!

If I look at a crumbling clapboard four room hovel on
Broad Street in Mansfield, with 50 amp two wire knob and tube electric service and corroded plumbing and the realtor tells me this joint is appraised at 102 thousand dollars it doesn't take a genius to know that somewhere somebody is holding a chunk of the mortgage backed securities on this POS, knowing they have s***.

I know it's s***, they know it's s*** and the banks know it's s***. Because it IS s***.

There will NEVER be a market for this run down four room pit because there is no way it will ever fetch a hundred grand.
Price it at what it's worth, maybe twenty for the land and the bank would have a fit!

So it is EXACTLY like my art pieces, maybe more so.

"The Best of the Leon Russell Festivals" DVD
deepfreezefilms.com