[quote=spdrun]112%? So basically they’re selling off unknown assets with likely a lot of bad apples mixed in at market or above. Hope Mr. Barrack (No-BUM-a?) got a sweetheart interest rate and an enema of Bernanke Bucks as a kiss goodnight.[/quote]
Sigh, it’s actually a sweet heart deal. Basically a NINJA loan with give back provisions.