[scifinoir2] OT-Mortgage Mess is Far Far Worse than You Suppose

2007-12-13 Thread Tracey de Morsella (formerly Tracey L. Minor)
Straight Talk on the Mortgage Mess from a Mortgage Industry Insider, as featured at MarketWatch, 12:11:23 PM, December 6th, 2007. by Richard Clark http://www.opednews.com/articles/1/opedne_richard__071208_mortgage_industry_in.htm Even before this mortgage mess started, this insider with 20 y

Re: [scifinoir2] OT-Mortgage Mess is Far Far Worse than You Suppose

2007-12-13 Thread Martin
And the bullcrap that's flown in the wake of all of this, from the Fed's two ill-timed and -advised rate cuts to its more recent decision to begin auctioning bonds and firming links between itself and its EU counterpart are, IMO, nothing more than slapping a Band-aid on a ruptured aorta. It only