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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: MulhollandDrive who wrote (192884)3/24/2009 10:53:16 AM
From: ChanceIsRead Replies (1) of 306849
 
>>>Writing what amounts to insurance when you have no reserves against it has a common name: fraud.<<<

Talk about cutting to the quick. Kudos to Mr. Denninger.

I get soooooo tired of hearing all this talk about the need for more regulation. Subject to only the most minor of constructionss, tweaks or interpretations, there are plenty of laws on the books to crucify the AIG management.

>>>what they need is prison terms for their willful refusal to exercise the power they already had, with Geithner being one of the worst offenders in that he sat as head of the NY Fed while the worst of these abuses occurred<<<

Ouch. Poor Tim should Denninger get his way.
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