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

To: Paul Kern who wrote (86976)9/27/2007 2:51:56 PM
From: Handlarz Piotrek  Respond to of 110194
 
"A wave of defaulted mortgages were put back to mortgage companies and whole bunch went belly up"

With the stock market close to all time highs again, subprime crisis seems like ancient history.



To: Paul Kern who wrote (86976)9/27/2007 2:52:24 PM
From: Handlarz Piotrek  Respond to of 110194
 
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To: Paul Kern who wrote (86976)9/27/2007 4:05:19 PM
From: Perspective  Respond to of 110194
 
So with the weakest mortgage companies out of the picture, is it hopeless that there will be another event to trigger another reality check? Do we just have to wait for a slow grind into ever higher foreclosures on the big boys? Or the gradual grinding down of retail sales?

BC


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