uburoisc
2009-07-13 07:16:55
The Alt-A and Option ARM loans are about to start blowing up, and, when they do, it will make the sub-prime look like small potatoes. The financial corruption goes far deeper than ACORN and sub-prime, and the Feds cannot possibly cover the losses the banks have on their off-balance sheet accounts. And I do not see a single indication that anyone is going to be held to account for the fraud that went on over the past decade and now threatens to drown the whole financial system. It’s going to get worse.
