2008-12-23 — blogspot.com
"'In the past month, there has been a big selloff in a corner of the mortgage-bond market that investors once thought impregnable: triple A. ... The most troubling change has been a wave of selling in triple-A prime mortgages.' ... Leland Abrams, a trader at a Florida broker dealer, says his firm has bought prime triple-A mortgage bonds for about 30 cents on the dollar. Similar bonds traded for about 70 cents a few months ago", Scott Patterson at the WSJ, 9 December 2008."
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