Thanks for the link. From the article, it really does seem like Paulson should be able to put out numbers that define the scope of the problem. Mortgages totalling X are in default. Mortgages totalling Y may go into default. Mortgage totalling Z will probably not go into default.
now i’m not so sure about “it really does seem like Paulson should be able to put out numbers that define the scope of the problem.”
check this link, page 7, where Cramer says there is no valuation metric for any of this and refers to SEC no disclosure rules on geog, FICO, vintage etc. I think this refers to SEC Regulation AB, but i’m not sure.
caveat: Cramer supports the bailout