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  • Wall Street Breakfast: Must-Know News [View article]
    Greedy crooks in Banks and Broker firms wrapped subprime, alt-a, ARMS, credit cards, bad loans, etc. into structured finance vehicles i.e.: CDO-ABS-MBS-SIVs, they misled the market and bond insurers into these fraud and now everyone is paying the price! now the misleds have to clear up their books from that toxic waste! One strategy will be to SELL CDS on toxic wastefull junk at 'attractive prices' to buttom feeders this way they will get capital and delever from derivative liabilities on toxic waste.
    Aug 06 08:20 am |Rating: 0 0 |Link to Comment
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