Viewing a single comment thread. View all comments

Fausterion18 t1_j6otu08 wrote

Reply to comment by Diligent-Road-6171 in Bulls: Shut up and take my money!! by CrackCody

> You dumb ass they were talking about the par value of the lots that compose the MBS.

You dumbass the par value is always 100. The traders were lying and claiming they bought it at 97 or 95 whatever.

Goddamn you clearly don't know shit about bonds. img

>They weren't just selling the MBS in the firesale, they were selling the mortgages they used to make the MBS
>
>This is literally spelled out for you in the board meeting.

You can't sell a mortgage over a trading desk like this idiot.

They were selling their own originated MBS and pretending like they bought them for trading purposes.

1