TPS Posted October 27, 2008 Share Posted October 27, 2008 Here's a good article from Bloomberg.com today on the growth of securitized loans. I liken Wall Street to the plant Audrey in "The Little Shop of Horrors:" "Feed me, feed me!" Securitization Note, it mentions almost $3 trillion that the government has spent or guaranteed to help prevent the meltdown. Why is it that the possibility of Obama spending a few more hundred billion makes right-wing heads explode, but the Bush-Paulson $3 trillion doesn't? Hmmm... Link to comment Share on other sites More sharing options...
Boomer860 Posted October 27, 2008 Share Posted October 27, 2008 Here's a good article from Bloomberg.com today on the growth of securitized loans. I liken Wall Street to the plant Audrey in "The Little Shop of Horrors:" "Feed me, feed me!" Securitization Note, it mentions almost $3 trillion that the government has spent or guaranteed to help prevent the meltdown. Why is it that the possibility of Obama spending a few more hundred billion makes right-wing heads explode, but the Bush-Paulson $3 trillion doesn't? Hmmm... Paulson is a friend of OBama Link to comment Share on other sites More sharing options...
drnykterstein Posted October 27, 2008 Share Posted October 27, 2008 Paulson is a friend of OBama And Ayers is a friend to Obama, and Ayers is a terrorist. Which explains why Paulson is terrorizing our economy. ... dude, please try to supply more info than your crazy assertions. You have no credibility yourself. http://www.politico.com/news/stories/0908/13708.html Link to comment Share on other sites More sharing options...
bills_fan Posted October 27, 2008 Share Posted October 27, 2008 Here's a good article from Bloomberg.com today on the growth of securitized loans. I liken Wall Street to the plant Audrey in "The Little Shop of Horrors:" "Feed me, feed me!" Securitization Note, it mentions almost $3 trillion that the government has spent or guaranteed to help prevent the meltdown. Why is it that the possibility of Obama spending a few more hundred billion makes right-wing heads explode, but the Bush-Paulson $3 trillion doesn't? Hmmm... This is a very good read on the history of this. Thanks. Link to comment Share on other sites More sharing options...
GG Posted October 28, 2008 Share Posted October 28, 2008 Good chronology, but Stieglitz's & Roubini's comments are superfluous. The end came as a result of a classic mistake of funding long term investments with short term borrowings. Link to comment Share on other sites More sharing options...
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