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Politics : Welcome to Slider's Dugout

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To: wsw1 who wrote (5898)	8/10/2007 9:01:17 AM
From: Fiscally Conservative	of 50739

Lol...,amazing how fast the tide swings these days. FRANKFURT, Germany (AP) -- The European Central Bank injected another $83.8 billion into the banking system Friday amid signs that bad U.S. mortgages were digging deeper into the world economy. biz.yahoo.com "Ann Rutledge, a principal with R&R Consulting, a structured finance consultancy in New York, told the Journal: "No one really knows how to price asset-backed securities and CDOs and that's a real problem in the market now." Those CDO's were largely US morgaged back derivatives.

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