On Tue, Sep 30, 2008 at 5:08 PM, Gruss wrote: > > RoMunn wrote: > > That is a dodge. Fannie and Freddie were holding guarantees on more than > > $500 billion in Alt-A mortgages as of 2007. They didn't actually lend the > > money themselves, oh no, but they guarantees the loans. Those guarantees, > as > > we now know, were worthless. > > SECURITIES!! NOT LOANS. >
Securities backed by mortgages. Duh. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:271673 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
