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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: The Reaper who wrote (287588)	10/28/2010 6:35:26 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

ROTFL, found this on Ritholz's blog: Alan Greenspan's Asset Bubble Band. How many "econotards" can YOU find?

To: The Reaper who wrote (287588)	10/28/2010 6:38:41 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

ROTFL, found this on Ritholz's blog: Alan Greenspan's Asset Bubble Band. How many "econotards" can YOU find?

To: The Reaper who wrote (287588)	10/28/2010 7:19:20 PM
From: tejek	Read Replies (2) \| Respond to of 306849

If loans are packaged in CDOs and sold to a third party and the third party doesn't bother to do some DD before the deal is consummated whose at fault? DD wouldn't have saved the purchasers of the securitized mortgages because they were misrepresented in the offering of those pools. The securitizers promised to put in loans of a certain caliber and they didn't do it. Not to mention the nasty little fact about putting the same mortgages into two or more pools. If you were promised something and it turns out you didn't get what you were promised, then you have the basis for a lawsuit. Where are all the lawsuits?