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There is going to be a huge financial story next week

On page B7 of today’s WSJ there is a public notice of upcoming auction. Sorry for no link, but I cannot figure out how to get their website to display print ads.
 
There are two HUGE lists of RMBS pools that are going to be sold at auction next week.
 
The current par shows huge losses in value for many of them, but more significant will be what the actual sale prices turn out to be.
 
This may allow us a model to reset the value of loans.
 
If the pools sell for 10 cents on the dollar of the original face value, should not homeowner’s be forgiven principal amounts in the same proportions?
 
Some of these show current par at only 20-25% of original face value.
 
There is going to be a HUGE financial story next week.
We are finally going to have an idea of the actual loss numbers.
I am so nervous.
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Cynthia Kouril

Cynthia Kouril

Cynthia Kouril is a former Special Assistant United States Attorney in the Southern District of New York under several different U.S. Attorneys, former counsel to the Inspector General for the N.Y.C. Department of Environmental Protection where she investigated threats to the New York City water supply and other environmental crimes, as well as public corruption and fraud against the government, former Examining Attorney at the N.Y.C. Department of Investigation and former Capital Construction Counsel at New York City Parks and Recreation.
She is now in private practice with a colleague whom she met while at the USA Attorney's Office. Ms. Kouril is a member of the Steering Committee, National Committeewoman and Regional Coordinator for the New York Democratic Lawyers Council, a member of the Program Committee of the Federal Bar Council and a member of the Election Law Committee at the Association of the Bar of the City of New York. She is active in several other Bar Associations.
Most important of all, she is a soccer mom.

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