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Some of these securities may well be undervalued now.
Now, the total value of these securities is virtually nil.
Collectively, big banks have paid tens of billions of dollars over their sale of these securities.
"It's not that the buyers don't know what the value of these securities is.
The value of these securities is based on the future cash flow they provide to investors.
Consider how torrid the issuance of these securities has been in recent years.
Despite the subprime turmoil, some of these securities had continued to carry high ratings — until Friday.
The holders of these securities had to meet margin calls and make other payments.
First, mortgage-backed securities and derivatives of these securities are not all alike.
There were few buyers of these securities when the Fed started buying them in November, 2008.
Most of these securities are backed by mortgages and other assets with relatively predictable cash flows.
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CEO of Professional Science Editing for Scientists @ prosciediting.com