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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Gib Bogle who wrote (94613)5/27/2008 6:27:11 PM
From: Paul Kern   of 110194
 
The ones I really feel sorry for are those GS guys. Imagine going from a bonus of $1m one year to no bonus the next!
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The new NINJAs

No income

No job

No assets ( if they spent it faster than they made it)

And, most of these guys have alt A mortgages frequently with opt arm payment plans.
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