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: bart13 who wrote (85113)	8/15/2007 6:57:54 PM
From: Pogeu Mahone	Read Replies (1) of 110194

And i do not buy that line of reasoning. EU banks were on the brink last week, so they said U.S. subprime sticking to the party line. Their mortgages are a mess as is our onw mortgage mess. So EU banks are stuck holding the bad paper. What ever they did with the paper ,hold or sell, it is BAD paper today. If the banks have kept them on their books ala U.S. 1990 their banks are bankrupt. The Fed in 1990 let the Bank of New England go under before realizing their mistake. Slightly sane i think not =============== This is the third time I've said "wasn't talking about the housing bubble though, but rather about a slightly more sane banking/mortgage setup without all the packaging and tranches etc. etc."

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