Quote:
Originally Posted by Swimmer
Yah, Lehman was mention as a distinct possibilty also. It is interesting how greed affects us all.
What about Mort Zuckermans desciption of the sub-prime loans as LIAR LOANS?
It is interesting when companies like these score large they share the wealth with just themselves, ie; stockholders and so on, but when they collapse it comes out of our pockets.
No one shold be allowed to sell off loans anymore. Once it is out of the originators sight it is also out of mind.
|
Now there's a great prescription for totally shutting down all the credit markets as well as the national economy!
Threaded Mode