The Epic American Credit and Bond Bubble Laboratory Message Board

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

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To: russwinter who wrote (46956)	12/9/2005 7:43:32 PM
From: patron_anejo_por_favor	Read Replies (1) of 110194

>>Silver bullet to the vampire's heart<< I suppose, but WTF was this clown (Dugan) doing the last 5 years, as the whole mortgage lending racket spiraled outta control? Classic case of closing the barn door after the cow runs away, simply classic! Dugan's office heads the Treasury Department's main regulatory oversight unit for national banks and their mortgage subsidiaries. If it directs banks and mortgage companies to stop making negative-amortization loans or sharply cut back on them -- as it did several years ago with negative-amortization plans for credit card accounts -- banks nationwide could shut off the spigots for such loans. See my statement above.....

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