Rocktex

Housing Market Tracker - Macro Outlook Implies Recession?

Judy,

The following is not from my mouth, but souds like it:

"The debacle — which has rattled an already nervous banking sector and appeared to be the biggest-ever trading fraud by one person — has fueled a debate about risk management, with France's conservative president condemning speculation.

"If we can make profits in a matter of hours, we can also have huge losses," said President Nicolas Sarkozy during a visit to India. "We must stop with this system that has gone haywire and that has lost track of its aim."

"It appears to be time to ... inject a bit of common sense into all these systems," he added.

------ quoted from news.yahoo.com/s/ap/20...;_ylt=Ah2bfrSawWrHSQrT...