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Post# of 749756
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speculator777

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speculator777

Re: REALtime64 post# 267092

Saturday, 01/01/2011 6:57:28 PM

Saturday, January 01, 2011 6:57:28 PM

Post# of 749756
In the senate hearings.... help me if I am wrong. I recall Killinger saying that only 3% of their mortgages were of the bad ARM variety, lets say that those were all bad, as well as some other loans going bad. If the rest of the portfolio is making an average of 6% interest... I would love to know the true asset value Of WAMU's book at the time of seizure.
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