y" mortgages and was not 61 EFTA00316789 Case 1:08-cv-02793-RWS Document 102 Filed 02/27/09 Page 77 of 347 exposed to the subprime market. Punk Ziegel's Richard X. Bove ("Bove") was openly skeptical. In a report dated February 8, 2008 he stated that: the firm is marking down the value of its more