There's just nothing quite like capitalism
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On Wed, 30 Jan 2008 16:01:54 +0000, Short Wave Sportfishing wrote:
Then you can put the insurance companies back into the game by putting
rules in place that brings the mortagage lending practices back to what
worked before - verification of income and ability to pay based on
monthly/yearly income and expenses.
Regulation? Damn, how un-Republican of you. ;-) What you say makes a
lot of sense, but this subprime fiasco seems more like Tulip Mania than a
classic bubble. I mean, what were they thinking, or not?
NOT!
Did you here about the French trader that lost $7 billion? Somebody at
Societe Generale was asleep.
In short, put some sanity back into the market.
That's my story and I'm sticking to it. :)
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