Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: KyrosL who wrote (75812)	3/9/2008 11:34:36 AM
From: Think4Yourself	Read Replies (1) of 116555

As long as they are not giving out bad loans it isn't a problem. Then again, if the lenders hadn't given out all those bad loans in the past we wouldn't have had a bubble, and wouldn't be in the mess we are in. This is different that the system of mortgage giving and securitization that was in place this last decade. That system was a dismal failure for everyone except the people pocketing commissions and bonuses.

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