[SC Swamp Fox]

I think this is a good move. It sounds like they are bargain hunting and they aren't looking for quick-hits, these are long-term investments.

Now, some see bargains as investors realize the underlying assets the securities represent are far from worthless.

"This really has no bearing to the fair market value of these assets anymore,"

"They can take advantage of the fact that other parts of the market need that short-term liquidity,"

for some types of mortgage investments, default rates would have to hit 90 percent at current prices for an investor to lose money.

I was thinking about buying some undervalued property,....maybe I would be better off buying some undervalued mortgage based securities. It's too bad I know very little about them. Land and houses I can inspect, I wouldn't know where to start on these things.

[groanup]

Land and houses I can inspect, I wouldn't know where to start on these things.

Not much market for this stuff in blocks of less than 5 million or so. IOW, you won't be able to sell an odd lot when the time comes.