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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: rubbersoul who wrote (131642)	9/24/2008 9:58:05 PM
From: riversides	Read Replies (2) \| Respond to of 312266

don't know if ECB will be printing as much,it'll be interesting to monitor,guessing to when this plan can be adopted...? any idea where i can listen to bush on the internet,missed the first part of his speech...?

To: rubbersoul who wrote (131642)	9/24/2008 10:20:47 PM
From: riversides	1 Recommendation Read Replies (1) \| Respond to of 312266

The real problem running through the system was not a lack of new regulations. It was a lack of skin- that is, skin in the game. Mortgage brokers turned into fly-by-nighters, immune from the effects of reckless decisions. Local bankers securitized loans and packed them off to some naive investor or to a rating agency manned by analysts who weren't sharp enough to get a job at Bear Stearns or Lehman. Homebuyers who put nothing down or lied about their income could pack up and run off, leaving no skin behind. The entire housing sector began to look like a motel renting rooms by the hour, as johns and hookers snuck out during the wee hours. Where were the regulators? Where was Eliot Spitzer? (Maybe we know the answer to that one.) – Todd Buchholz, Wall Street Journal