2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 368.29

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Nov 7 4:00 PM EST

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To: Snowshoe who wrote (31040)	3/16/2008 11:29:22 PM
From: Ilaine	Read Replies (1) of 217574

Among the Wall Street investment banks, Bear Stearns was the most closely exposed to the mortgage crisis. I believe these M-F guys invented the concept of giving "stated" (liar) loans, no money down, to grocery store clerks, landscape peons, and people who file bankruptcy every 7 (now 8) years like clockwork. All the scummiest of the subprime lenders have gone belly up. I have heard, don't have any idea whether it's true, that the state banks didn't get into this stuff, only the national banks. I do know that I am not seeing any state bank mortgages in foreclosure yet.

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