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To: koan who wrote (79888)6/7/2008 1:14:46 AM
From: westpacific  Read Replies (2) | Respond to 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