40 Years In The Deserr: One Penny on the Dollar

Thursday, July 2, 2009

United Western Bancorp just sold mortgage backed securities with a face value of $47.3 million for less than that, $378,000.00 was paid, whcih comes to 0.88%.

Great googly moogly.

Matthew Saroff, Mechanical Engineer, Owings Mills, Maryland, US
Email Me

I reserve the right to reprint any email correspondence on my blog.
If you want to keep your correspondence private, please tell me.

A member of the Democratic wing of the Democratic party, and a fan of Bernie who thinks Neoliberal (DLC/New Dem) trickle down conomics sucks.

Mechanical Engineer with a background in defense, electronics packaging, medical & food equipment, transportation, and manufacturing.

I have two cats, a black cat, and a gray and white long hair cat, who keep me on my toes. (Because he keeps attacking my feet)

I am a Jew and a Zionist, who is married to a woman with exquisitely bad taste in men, and I have two remarkable children with her.