From the CIM profile: Chimera Investment Corporation, a real estate investment trust, invests in residential mortgage backed securities (RMBS), residential mortgage loans, real estate-related securities, asset backed securities (ABS), and various other asset classes in the United States.
Does/will this have any affect on the future of CIM?
Sorry Salty, I guess you should work the phones at TM's hedge fund! Moved a major portion from cash to a couple bond funds today BTTTC and ACCNX. I just think they are a bit more stable (safe) than Metropolitan. I got the message on that one, thanks. Just don't have the guts to play CIM yet with a large position. Still holding powder for the SRS FAZ swings in shorter term. Dan PS: see ya over at the other place.