RE:Burning the furniture to heat the houseAgreed 100%. I still think this is a strong short play. And it really sucks for shareholders to be the ones who are going to pay for this. This is Concordia all over again (which I got burned).
It really amazes me how many people on this board keep mentioning they believe in their "high quality" assets....
What makes these mortgages high quality? The fact that they can unload a property due to a sellers market?
That won't work forever.