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<p>[QUOTE=&quot;medoraman, post: 1256583, member: 26302&quot;]These are talking about a somewhat different issue, and is getting into stickier ground. I would be happy to explore these issues with anyone, but I seriously doubt 99.9% of the people on CT give a rip. </p><p><br /></p><p>My original point was that originators effectively sell off mortgages keeping the servicing rights. That is the entire basis of the industry. Therefor, Countrywide can have issues of misrepresentation to buyers of tranches, but not really any exposure to the mortgage performance itself. That is why I disagreed with Fatima&#039;s post that BAC will have all of those costs from homeowners walking away.</p><p><br /></p><p>Man, this is like 8 degrees separated from PM, so I will not post any more about it. Anyone can PM me if they really are interested in securitization issues.</p><p><br /></p><p>To respond to posts about Gold stocks, I would simply say be careful. Gold stocks are used as contra assets by asset managers. Traditionally gold stocks are overvalued versus their return because of the nature of stock performance to the market, this aspect being valuable to reduce volatility. Bottom line is that there are a ton more things going on with the price of gold stocks, and it would be easy for a new investor to get blindsided if he did not understand these issues. Just a friendly warning about those securities to do your homework, and not just invest because you like gold. If you simply like gold, buy gold. Easier to understand.</p><p><br /></p><p>So......to get the conversation back on track, anyone have any fresh thoughts on where PM is going from here? </p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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