The subprime mess... wrecking havock with my stock... it is a
smokescreen I tell you. There ain't that much out there in
foreclosures. How many people do you know are in default of their home
loan? Not THAT many. Yet the stock market is way, way
down....recession they say! There is something else going on. I
suspect it has to do with bundling and leveraging of mortgages. There
must be a huge multiplier somewhere to get to the kind of losses being
suffered. The press is useless because the re****ters are unschooled in
economics and finance and the law.
