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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (69628)9/27/2007 10:39:11 PM
From: Bucky Katt  Read Replies (1) of 116555
 
Interesting, in that Canada doesn't allow subprime products to be issued to the public, but those entities you mentioned sure bought a lot of that toxic crap from US.
Does anyone other than a very few of us understand the meaning of VaR??
(value at risk)

Message 23777670

"The whole subprime lending fiasco can't happen here because there is no subprime lending market," he said. "And we've had nothing like the kinds of [mortgage] products that have drawn people, particularly lower-income people, into high levels of indebtedness."
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