The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jim McMannis who wrote (164642)	11/15/2008 3:04:30 PM
From: neolib	of 306849

The federal government gave them the go ahead and the figured a way to exploit it. Uh? You might more accurately say the government inspired them. They could lend to anyone they wanted to at as risky of odds as they wanted. This has always been the case. The IB's were very lightly regulated in how they converted mortgages to bonds, and AFAIK, not regulated at all on how they synthesized bonds which had no underlying mortgage. It was all "financial innovation", which ideology tells us is good news. The one number which is not talked about much at all is the total of lost subprime mortgage value vs the total proposed bailout $ to day. That would be a useful eye opener for many people.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next