NJ5 on 15 July 2009
superchunk are you really suggesting the US government should buy all the troubled loans at the same time? Do you have any idea how much money that would cost? It's several trillions of troubled debt which banks created.
It's not really true that regulation prevents banks from creating further trouble. There are even reports of Morgan Stanley repackaging some of those bad loans into financial products of the highest rating (for some stupid pension fund managers to buy). Do you have any evidence of what you stated?
My Mario Kart Wii friend code: 2707-1866-0957
