I’m flabbergasted! I’m utterly and completely at a loss to understand who’s doing any thinking in our banking industry? The government folks are at it again. This “Securitization” is what got us into this latest financial difficulty to begin with. It’s utterly unbelievable that they could be so stupid to think they can just go back to business as usual (prior to Sept. 2008). Are they rubbing a magic lamp and wishing the problem will go away if they just “start over?”
I just have lost any respect I ever had for these idiots.