20 years from now they will reveal that they resold this bundled mortgage debt 20 or 30 times and when the shit hit the fan there were no securities to back it up,it's got nothing to do with subprime home loans,they were less than 1% of all homeloans,if they all caved in the banks would have been at a tenth of the losses we are experiencing,there is a huge cover up and fannie mae must be party to it . No one can prosecute unless we prosecute ourselves,so we manufacture a story blaming it on the poor and no one doubts it,the press is bought and paid for.
There's no double standard here. I think we should have perp walks all down the line. I think the folks that run these large brokers should be stripped of ALL their wealth , except what they need to survive. Every dime. Mozillo, every dime , confiscated. And if they can prove that hedgies are gang raping stocks, in order to have a self fulfilling prophecy occur, the death penalty. Hows that for ya. Have a seat Mr. Moz
Woh a friend of mine told me that some one bought like 50000 puts on leh when it was trading at $33.08 strike $10 I guess he must have already doubled his money by now LEh is fucked i guess he knew it