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Cramdowns are coming your way

Below is an interview with an expert on the issue of mortgage cramdowns. Basically, this issue is all about debt forgiveness for borrowers and writedowns for lenders. Lenders do not like cramdowns for that reason. See below for a view on…

Pre-market update: 2009-03-02

We should expect a very negative open to the markets today. The Dow Futures are pointing to an open under 7000, with key support levels to be tested. As usual, the reason is the financial sector with AIG and HSBC making headlines. AIG…

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