Rich4REITs

Blame Realtors, Brokers and Bankers - Not Greenspan

This article is more than terrific!! The origin of all these credit catastrophes is, mainly, the greedy rooted in human beings. Unless the economic system has been altered or adjusted, there will be new, unknown risk invented by bankers. If we compare the subprime mortgage with Enron, there are thousand of similarity amid. SIVs remain prevailing and always playing a vital role within any financial scandal. Bankers just wrap their unforeseen risks into SIV and hide it. I mean it can not be seen immediately even in accordance with the new SEC rule. They only need to disclose certain SIV with time lag. It's a time bomb, still.
I would like to say unless SIV can be critically modified or even erased, we have less chance to avoid any coming financial catastrophe in the near future.