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More paper in those bundles than there are mortgages. I read that somewhere the other day. [View All]

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OregonBlue Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-13-08 02:42 PM
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More paper in those bundles than there are mortgages. I read that somewhere the other day.
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Can't find it now but I wanted to go read it again. If that's true, then wouldn't be likely that they keep telling up how complicated all those bundles and derivatives are because they are worried if there is a real audit, some people are going to go to jail? Is it possible Paulson decided not to buy up those bad assets because they would then have to do a full audit?

Did anyone else read that and if so do you remember where. I seem to remember it was a mainstream media (Washington Post, NYT, etc.) not a blog.
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