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: koan who wrote (79888)	6/7/2008 1:14:46 AM
From: westpacific	Read Replies (2) of 116555

The problem, Glass-Stegall, and Clinton took it away. We have 45T in CDOs, created by a 34 year old JPMer - backed by 15T in collateral....... Folks, subprime, in a 9 inning game, we have not even left the clubhouse! There simply was and still is - no oversight! Leadership, LOL. West

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