Poulsbo - Due to the impending death of the "mark-to-model" concept in valuing mortgage backed securities (MBS), the Institute For Economic Reality will likely issue a CrashCon 2 setting sometime on Monday July 16.
Further details to follow.
All interested parties are advised to pay close attention to Bear Stearns hedge funds.
Ernst Stavro Bloviator,
Senior Fellow - Institute For Economic Reality
1 comment:
The economic problems have only gotten worse since the financial panic of 2008 and 2009.
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