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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: shades who wrote (44700)1/18/2006 3:17:50 AM
From: Jim McMannis  Read Replies (2) of 116555
 
RE:"Billions for the bankers - debt for the people - but gpowell tells me we dont need to regulate banks - they are self policing I guess and would never misallocate."

In due time you'll see the banks have passed the residential mortagage risk off on GSE's. Otherwise they wouldn't be making these loans. Who's on the hook? Who do you think?
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