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There's just nothing quite like capitalism
wrote in message ... 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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