Ruh Roh.
“And everybody needs to stop worrying about the moral hazard of letting average people off the hook for their mortgages and worry a little bit more about the moral hazard of continually allowing these huge financial institutions to get away with murder.” digby, 10-14-2010
A Cheery Distinction Without A Difference.
The Washington Post closed its coverage with this, “Ann Rutledge, chief strategist of the structured finance advisory firm R&R Consulting, said not much more could go wrong in the mortgage-backed securities market.
‘It’s certainly not an indication that [the market] doesn’t work,’ she said. ‘It’s one more indication that it hasn’t worked.'” Huh?
http://digbysblog.blogspot.com/2010/10/its-time-for-jail-terms.html
http://www.washingtonpost.com/wp-dyn/content/article/2010/10/13/AR2010101307597.html?hpid=topnews&sid=ST2010101307749
****************************************
