morethanmeetsthei

The Mortgage Crisis Brings Unexpected Neighbors

mortgage crisis? what mortgage crisis? oh, the wall street weasels who bundled unsecured paper as securities w/ AAAAAAAAAA-ratings and sold them to trusting souls? ETFs, ARS', ... the list of greed instruments is endless. But don't worry, the u.s. taxpayer wants wall street to succeed so much (that's what paulson said, but he may have been talking in his sleep...) that a little up-tick or two in the incremental tax rate will hardly be noticed. i particularly laugh at some of the green funds who EPS look like the new york times...this is the next big scam on the street. perhaps they will track these funds in the "Gorex"...as i've said in other posts, you really have to marvel at the perverse beauty of these guys hiding in plain sight...