Auction-Rate Bonds Fail to Find Buyers [View article]
And I remember Paul Wessel saying bank capital reserves at $2900 billion were adequate to extinguish the sub-prime mortgage problem. Also Ben Stein noted that sub-prime was only 5% of the mortgate market and no problem in a $14 trillion economy. So much for the experts, I hope they muzzle them in the future.
Auction-Rate Bonds Fail to Find Buyers [View article]