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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Les H who wrote (1924)7/3/2000 9:49:18 PM
From: patron_anejo_por_favor  Read Replies (2) of 436258
 
Les, great article! Amazing how widespread this sort of institutionalized irresponsibility (as exhibited by appraisers "rubber-stamping" home valuations to enable excessive loan risk by lenders) has become. The bank "analysts" comment at the end about how "it's just a drop in the bucket to these big institutions was PRICELESS!!"

The real estate bubble will end BADLY.
The equity bubble will end VERY BADLY.
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