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ken2ak

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ken2ak

Re: None

Monday, 08/11/2008 4:04:58 AM

Monday, August 11, 2008 4:04:58 AM

Post# of 4411
Here's some reading from the Q10

As a general matter, we do not originate or purchase sub-prime (1) loans to hold on our balance sheet; however, in the normal course of purchasing large pools of real estate loans in prior periods, we invariably ended up acquiring a de minimis amount of these loans. As of June 30, 2008, sub-prime real estate loans represented less than one-fifth of one percent of our total real estate loan portfolio.


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