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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (37053)10/8/2008 5:48:48 AM
From: ChinuSFO  Read Replies (2) | Respond to of 149317
 
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To: Little Joe who wrote (37053)10/9/2008 1:06:25 PM
From: TigerPaw  Read Replies (1) | Respond to of 149317
 
loans wereknowingly made to people who could not pay for them was a big part of the problem.


Junk bonds have always been one of the products of Wall Street.

They don't cause a crisis unless the companies that underwrite them don't have the capital reserves to cover the securities. That is the problem. That is a failure of regulation.

TP


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