As Financials Go, So Go Stock Markets [View article]
Greedy crooks in Banks and Broker firms have wrapped a lot of subprime, ARMS, credit cards, car loans, etc. in structured finance vehicles i.e.: CDO-ABS-MBS-SIVs, they misled the market and bond insurers into buy them and now everyone is paying the price with losses.
As Financials Go, So Go Stock Markets [View article]