198 comments on DrumBeat: October 17, 2007
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198 comments on DrumBeat: October 17, 2007
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Stoneleigh: Here is another good take on this scam-the term "Banana Republic" does come to mind when you have the Treasury dept involved in such shenanagins. Ah, the glory of the all mighty "free market". http://www.marketoracle.co.uk/Article2481.html
Maybe they can get Andy Fastow to run the fund. It's right up his baliwork. The market won't buy toxic mortgage backed CDOs? What if we put lipstick on it?
RobertInTucson
I haven't escaped from reality. I have a daypass.
They have got a whole gang of Andy Fastows. IMO, they are going to have difficulty getting their cronies managing pension funds to buy any more of this crap, so the shmuck taxpayer is going to have to pick up the tab for this drunken spree. The US dollar will pay the price for the contamination of regulators by the connected.
Who do you think gets the sticky end when your pension fund buys this crap? More lipstick please.
RobertInTucson
I haven't escaped from reality. I have a daypass.
The market won't buy them, but I bet the US government will.