What is the real US debt?

dalakhani · #1 08-19-2009, 11:07 AM

Quote:

Originally Posted by Cannon Shell

Only in theory and not a blog.

Its an opinion piece- Call it what you will.

There is no "theory" behind it. It is a positive trade.

Cannon Shell · #2 08-19-2009, 11:26 AM

Quote:

Originally Posted by dalakhani

Its an opinion piece- Call it what you will.

There is no "theory" behind it. It is a positive trade.

There is no assumption of profit till it is realized. Who are the buyers of all these MBS going to be?

dalakhani · #3 08-19-2009, 11:48 AM

Quote:

Originally Posted by Cannon Shell

There is no assumption of profit till it is realized. Who are the buyers of all these MBS going to be?

The average yield is 4.5% and they are currently lending at close to zero. The fed is already making a profit if the default rate is low. Believe me...the default rate on these will be next to nothing. FHA is a different story.