http://briansullivan.blogs.foxbusiness.com/2008/09/10/lehman-puts-new-value-on-subprime/ FOXBusiness Fri, 20 Nov 2009 18:24:21 -0500 http://wordpress.org/?v=2.8.5.2 hourly 1 http://briansullivan.blogs.foxbusiness.com/2008/09/10/lehman-puts-new-value-on-subprime/comment-page-1/#comment-978 William Mc Devitt Wed, 10 Sep 2008 18:21:47 +0000 http://briansullivan.blogs.foxbusiness.com/?p=116#comment-978 The real value of these assets will be dictated by the market not by the people holding the paper. You have to think they are playing games when you see write down after write down, month after month on sub-prime. The real value of these assets could be in pennies not dollars. Both the assets and the local economy will provide a determination as to their real value. Remember you can't sell a home to someone who does not have a job unless you go stated income. Oh that's how we got in this mess! The real value of these assets will be dictated by the market not by the people holding the paper. You have to think they are playing games when you see write down after write down, month after month on sub-prime. The real value of these assets could be in pennies not dollars. Both the assets and the local economy will provide a
determination as to their real value. Remember you can’t sell a home to someone who does not have a job unless you go stated income. Oh that’s how we got in this mess!

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