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poway, In case you’re interested, the MBS losses are already filtering in – Friedman, Billings, Ramsey Group reported a Q4 loss which they blame on their MBS losses. Brace yourself for a rash in ’06…
http://yahoo.reuters.com/stocks/QuoteCompanyNewsArticle.aspx?storyID=urn:newsml:reuters.com:20060223:MTFH11386_2006-02-23_02-36-19_N22218417&symbol=FBR.N