[quote=walterwhite]maybe he doesn’t mean approve ofthat particular scenario, so much as find a means to justify the general ineptness of the system generally. I think probably some piggs, maybe even me, would find a way to justify this, because at ehart, we’re kind of conservative and believe in makets and systems with justa few tweaks here n there. Securitization of mortgages is certainly a good thing and while I wouldnt defend it to the death, I’d certainly take a stab at defending it, even in the face of all the systemic problems.
But goddamnit, it’s articles like this that again freak me out and make me feel like a major tard for offering big money on houses.[/quote]
Scardey, have you not been paying attention and learned anything yet from how our governement works??????
Even if there is as shred of credibility that such pensions/hedgefunds/etc would actually attempt to do this….You really think the Fed is going to just sit by and let banks to implode (again)? Borrowing SDR’s quote:
“watch me pull another rabbit out of the hat”…..
