Still Renting

Hedge Funds Fear Cascade in Redemptions

User 100212 -

Notice the formatting. If it is indented, it is from the NYT. If it is not, it is Mish saying something.

IOW, Mish DID say something.

Sheesh...

Bank of America: 'Paulson Plan Benefits Mostly Goldman, Morgan'

If this thing goes through, I will see it like I see 911 and Pearl Harbor. Or like the day they "fully ratified" the 16th ammendment, or created social security.

It will be a huge slide down that slippery slope and, in the long run, do NOTHING good.

Subprime Write-Downs More Than 50% Done? Write-Ups Coming Next?

Ha ha! About the time they are done "recognizing" the losses from sub-prime, they can start looking at the losses from Alt-A.

And then prime.