You state, "most of these loans won't default at all". What this confirms is that the massive writedowns of these assets are artificial. The result of faulty legislation or accounting principles. Americans are paying an unreal price for what is looking questionable. Exploit some laws to drive prices down to panic levels, then buy these same assets for pennies on the dollar and somebody makes $$$$$$$$ zillions!
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You state, "most of these loans won't default at all". What this confirms is that the massive writedowns of these assets are artificial. The result of faulty legislation or accounting principles. Americans are paying an unreal price for what is looking questionable. Exploit some laws to drive prices down to panic levels, then buy these same assets for pennies on the dollar and somebody makes $$$$$$$$ zillions!
Sep 25 18:31 pm
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