“That if the contents of each tranch (probably mispelled) within each fund were studied, the investors would find that they are really not holding what they thought they were holding.”
That fact that this is being discussed on blogs and chat boards all over the place pretty much indicates that the Jeanie is out of the bottle. I mean if I know that these subprime contents are trash then I would assume the major players also know this. A major re-pricing of these portfolios is inevitable at this point.
