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|User Info||Fannie and Freddie - Short to Zero?; entered at 2008-04-30 11:03:44|
Registered: 2007-08-24 Bubbleville, VA
Hmm ok, so Fannie/Freddie do have a big layer of protection (assuming the insurers can pay). This seems to shift the real focus to the insurers then. Are there any good articles out there that look at their books in more detail? |
The obvious concern is that if that "risk" is very subjective, like you said mtgspy. Question I guess then is how did they determine the risk?