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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Jim McMannis who wrote (36255)7/18/2005 12:28:16 PM
From: ild  Read Replies (1) of 110194
 
<<<I can't believe lenders would be so liberal if they were on the hook for all these loans.>>>

I have two considerations.
Banks can't resist manias. I.e. if one single bank stops making loans it will have to close the shop.
Biggest banks are public companies, so the only thing their officers care about is their stock options. They sell today and will get new options when prices plunge.
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