Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Saturday, March 14, 2009

B&B

Mortgage fraud contributed to downfall of Bradford and Bingly.

Organised "gangs" of conmen perpetrated the frauds in the years leading up to the credit crunch, the Daily Telegraph reports.

B&B was eventually nationalised by the government in 2008 after suffering a revenue squeeze and a collapse in its share price due to the crisis


Here in the U.S. we have yet to seen the Jackboots come down on the Mortage fraudsters. Even though One would think we are ahead of the U.K. Cycle.

but I do point out that The Mortage abuses, are clearly not isolated to the united states.

Don't ask how I managed 2 Columns out of this.... Fixed width aparently

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