In the housing crash of 1990 it was the Savings and loans that had all the bad loans to home ownerns, This time.... It's not the Regionals that have that Pain...
Unless the bank was stupid enough to either Write Interest only loans(Zion), or own the Myriad of Zombi like securies...
Mostly those are in Funds, and i-banks.... and Other places looking for marginal "Safe Gains"
Friday, June 20, 2008
Generals Fighting the Last war
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