Five Cities With Biggest Decline in Home Values (SD #2)

[gdcox]

Graham

If the over-pricing of SD was so obvious to Standard & Poor’s chief economist, David Wyss, why did his organziation give triple A rating to leverage bonds based on sub-prime mortgages from SD and similar places; a process which actually exacerbated the over-valuation by making the granting of mortgages even easier.

The country really needs to find the answer to this question.

[j]

The same reason KPMG signed off on New Century, money. You don’t get paid if they can’t sell their junk bonds, or if the company’s audit commity don’t hire you next year.

The SEC and FBI should be all over the news with arrests and investigations, but the system is totally broken.

[j]

The same reason KPMG signed off on New Century, money. You don’t get paid if they can’t sell their junk bonds, or if the company’s audit commity don’t hire you next year.

The SEC and FBI should be all over the news with arrests and investigations, but the system is totally broken.

[j]

The same reason KPMG signed off on New Century, money. You don’t get paid if they can’t sell their junk bonds, or if the company’s audit commity don’t hire you next year.

The SEC and FBI should be all over the news with arrests and investigations, but the system is totally broken.

[j]

The same reason KPMG signed off on New Century, money. You don’t get paid if they can’t sell their junk bonds, or if the company’s audit commity don’t hire you next year.

The SEC and FBI should be all over the news with arrests and investigations, but the system is totally broken.

[j]

The same reason KPMG signed off on New Century, money. You don’t get paid if they can’t sell their junk bonds, or if the company’s audit commity don’t hire you next year.

The SEC and FBI should be all over the news with arrests and investigations, but the system is totally broken.

[Author]

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