Thursday, October 02, 2008

Okay, so here's an explanation ...

of the current financial crisis. I still am trying to get my head around this situation, but it appears that although the MBS's have lost most of their value, the actual assets bundled into them are still paying off like a green grocer. What to do? It's an odd situation.

1 comments:

mike said...

Why is Obama recruiting the ex-felon demographic to wedge-in his take-over of Virginia?

Seem a little too cynical to me.

Here's today's AP story that confirms it:

news.yahoo.com/s/ap/20081004/ap_on_el_pr/felons_voting;_ylt=AuIex4Q.IBQu1kBbiiFOrJKs0NUE