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This is the best article I've seen on the topic. Thanks for sending
it.
Aside from all the hype about this, nothing changes the fact that these
businesses took huge risks at large charges for that risk and got
burned. If they now want to be bailed out of those losses, we
should be bailing out every investor who bought the lender's stock.
Those investors were not aware of the risks these companies were taking
and are a hell of a lot more innocent than the lenders are. There
is a reason bankers are listed among the worst investors by profession
and for my money, they can soak in it for a few years while it sinks into
their brains. The glut it causes to the housing markets and the
subsequent price drop is, for the most part, simply returning home prices
to some level of reality and returning to that reality after a period of
disconnect that is only matched by the tech bubble of the '90's.
Nice call on the market Clyde and Ben
Bob
At 09:14 AM 12/13/2007, you wrote:
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