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Poster · 09-27-2008, 02:24 PM

I had originally put this post in an other thread, but meant to put it here, so:

This may be the most informative and educational thread I've ever read. Thank you to all who have contributed to it and my edification. Please continue as I feel like I'm in the company of giants.

Dan, if I understand correctly, the total assets of the bank you listed earlier is actually debt they hold, is that correct? So, when they liquidate to lets say 10% of their value, what happens to the other 90%? What if I have a mortgage with one of these banks that fail, what happens to my mortgage? Can you point me to some sort of educational sites where I can catch up with some of you?

Sorry if I sound dumb here, but I'd rather expose my ignorance with the hope of learning.

Thanks again, everyone!

09-27-2008, 02:24 PM	#107 (permalink)
Poster Senior Member Join Date: Jul 2008 Posts: 113	I had originally put this post in an other thread, but meant to put it here, so: This may be the most informative and educational thread I've ever read. Thank you to all who have contributed to it and my edification. Please continue as I feel like I'm in the company of giants. Dan, if I understand correctly, the total assets of the bank you listed earlier is actually debt they hold, is that correct? So, when they liquidate to lets say 10% of their value, what happens to the other 90%? What if I have a mortgage with one of these banks that fail, what happens to my mortgage? Can you point me to some sort of educational sites where I can catch up with some of you? Sorry if I sound dumb here, but I'd rather expose my ignorance with the hope of learning. Thanks again, everyone!