Handle With Care: A guide to buying toxic assets. -- By Michael Osinski

Categorized | STOP FORECLOSURE FRAUD

Handle With Care: A guide to buying toxic assets. — By Michael Osinski

Handle With Care: A guide to buying toxic assets. — By Michael Osinski

What are your true feelings about America and its dream of home ownership? Do you believe it will survive the economic meltdown? Do you think most people will keep paying their mortgages and not walk out on their homes?

 

NY MAG-

If so, you might want to join me in buying mortgage-backed securities, commonly lumped into that odious investment category known as “toxic assets.” Years ago, on Wall Street, I helped create these securities with computer software (which I described in “My Manhattan Project”). Now, I farm oysters out in Long Island. But like a lot of people, I’m always on the lookout for a good investment opportunity. And for a few months now, I’ve been thinking that the economic panic has been overblown and that, if you look carefully, bargains can be found in toxic waste.

I’m hardly the only one—with the hand-holding of the Treasury Department, two large companies have recently started buying them as part of the once-ballyhooed

[NY MAGAZINE]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Comments

comments

This post was written by:

- who has written 8571 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

Leave a Reply

GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Advertise your business on StopForeclosureFraud.com
Kenneth Eric Trent, www.ForeclosureDestroyer.com

Archives