Why are you expecting any type of bail-out? Talk about magical thinking: Its okay to take risks, because the gvt will bail us out. Good luck on that.
Sub-prime mortgage companies are going out of business RIGHT now.
As to all the companies who sell off MBS products? Who buys those? Institutional investors= your pension fund.
So what, your house is worth much less. So what, your pension is worthless. So what your company downsizes and your out of a job. How ’bout them chargers?
Read the COLLATERAL DAMAGE thread here.
Now one can tell the future. But I think, if you’re not scared, you are not paying attention.
