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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (70150)9/23/2006 5:22:46 AM
From: ild  Read Replies (2) | Respond to of 110194
 
He's not an idiot. He bears very little financial risk and he's still trying to make money.
This guy along with his mortgage broker belong to jail for lying on mortgage application and defrauding FDIC insured banks. Loan underwriters should be fired.



To: mishedlo who wrote (70150)9/24/2006 2:22:21 AM
From: CalculatedRisk  Read Replies (1) | Respond to of 110194
 
Mortgage Extraction and the Trade Deficit
calculatedrisk.blogspot.com

This is an extension of my previous post on MEW and GDP. In the previous post I assumed that all MEW related consumption was of domestic products and services. In fact some portion of MEW flows to imports - and that doesn't impact GDP.


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