It was a great, two-hour, comprehensive reiteration of what happened. They started with buyers, and traveled the food chain all the way out to foreign investors, all the while explaining the process and reinforcing with first person interviews.
At the end, the reporter tries to tar the loan and investment instrument folks in the middle as greedy, but it’s awfully hard not to see the people at both ends of the chain as greedy and stupid.
I was struck by the fact that one of the borrowers (the woman in Yorba Linda) admitted she was partially at fault and had done some “stupid” things, but no one else in the chain admitted any fault … not the mortgage brokers, not the securitizers, and especially not Easy Al Greenspan.
I did think they were too easy on Easy Al. I also thought that (as usual) they focused exclusively on subprime and glossed over Alt-A.
I was struck by the fact that one of the borrowers (the woman in Yorba Linda) admitted she was partially at fault and had done some “stupid” things, but no one else in the chain admitted any fault … not the mortgage brokers, not the securitizers, and especially not Easy Al Greenspan.
I did think they were too easy on Easy Al. I also thought that (as usual) they focused exclusively on subprime and glossed over Alt-A.
I was struck by the fact that one of the borrowers (the woman in Yorba Linda) admitted she was partially at fault and had done some “stupid” things, but no one else in the chain admitted any fault … not the mortgage brokers, not the securitizers, and especially not Easy Al Greenspan.
I did think they were too easy on Easy Al. I also thought that (as usual) they focused exclusively on subprime and glossed over Alt-A.
I was struck by the fact that one of the borrowers (the woman in Yorba Linda) admitted she was partially at fault and had done some “stupid” things, but no one else in the chain admitted any fault … not the mortgage brokers, not the securitizers, and especially not Easy Al Greenspan.
I did think they were too easy on Easy Al. I also thought that (as usual) they focused exclusively on subprime and glossed over Alt-A.
I was struck by the fact that one of the borrowers (the woman in Yorba Linda) admitted she was partially at fault and had done some “stupid” things, but no one else in the chain admitted any fault … not the mortgage brokers, not the securitizers, and especially not Easy Al Greenspan.
I did think they were too easy on Easy Al. I also thought that (as usual) they focused exclusively on subprime and glossed over Alt-A.
LOL, I loved the dumb bitch Mayor of Narvik, who borrowed money against the town’s hydro plant to buy CDO’s, and now they’re broke. The fool’s bandaged finger wobbles back to the fire.
LOL, I loved the dumb bitch Mayor of Narvik, who borrowed money against the town’s hydro plant to buy CDO’s, and now they’re broke. The fool’s bandaged finger wobbles back to the fire.
LOL, I loved the dumb bitch Mayor of Narvik, who borrowed money against the town’s hydro plant to buy CDO’s, and now they’re broke. The fool’s bandaged finger wobbles back to the fire.
LOL, I loved the dumb bitch Mayor of Narvik, who borrowed money against the town’s hydro plant to buy CDO’s, and now they’re broke. The fool’s bandaged finger wobbles back to the fire.
