Always Low Prices

[Capricious]

NEW YORK (CNNMoney.com) -- In another sign of the collapse of the market for new homes, builder Lennar Corp. has dumped a portfolio of 11,000 properties for 40 percent of their previously-stated book value.... "

http://tinyurl.com/2bamy7





"...Financial analysts on Friday said E*Trade got anywhere from 11 cents to 27 cents on the dollar for its $3.1 billion portfolio of asset-backed securities..."

http://tinyurl.com/23pofg




Mark to market.

 

[Babyblue]

"...Financial analysts on Friday said E*Trade got anywhere from 11 cents to 27 cents on the dollar for its $3.1 billion portfolio of asset-backed securities..."

Now that is a deal. Wish I had known about that.