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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dave9 who wrote (80787)	6/28/2008 10:12:57 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Massive Government and Private Sector Job Cuts Coming globaleconomicanalysis.blogspot.com None of the financial engineering jobs that fueled this credit boom will ever be needed again. SIVs, Conduits, Toggle Bonds, Covenant Lite loans are all dead for years, more likely decades to come. Add to that liar loans, Pay Option Arms, insane leverage, and numerous other ridiculous lending arrangements. And if those things are not coming back, we do not need Wall Street shills to securitize that garbage and pitch it to unsuspecting suckers. Mish