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Posted

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...

Posted
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

Posted
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.

Posted

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.

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