Precisely PR. See HLS’s responses about hard money lending in the absence of reliance on credit scores.
This is why I have drawn the analogy to the Sarbanes Oxley act in the wake of Enron and Worldcom. Those 2 events were minor compared to the magnitude of this credit bubble. Yet many posters here continue in their SD is different fantasy land. No, it isn’t.
Bernanke does not give a shit about anyones SD home or condo and neither do the investors of MBS or CDOs.
