her whole premise is that the banks own alot of cmbs,,, as the fed exits this market the prices will go in the wrong direction thus causing losses for the banks... the bank are usoing the carry trade to borrow at zip and gain and interest spread.. all of them are doin it. its how they get healthy in an environment where loan demand is low... i beleive the fed will signal to the boys to start exiting those instruments before a rate hike...meredith has to thro out a hand grenade every now and then to keep her name in the limelight.she is struggling as an independent investor...she is working her way into a 1 time wonder just like ???elaine garazerelli.???