Friday, July 13, 2007

The banks lose their marbles

CDOs Lose Marbles; Credit `Kerplunks!': Mark Gilbert (Update1)

'No wonder RealtyTrac is predicting that more than 1 million borrowers will join the 761,343 already facing foreclosure proceedings this year.'

Posted by dobber @ 04:47 PM (499 views)
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2 thoughts on “The banks lose their marbles

  • It’s interesting how the spin merchants are already trying to say the worst is over on the markets, yet observers without a position are saying the camel is in intensive care, awaiting a chiropracters assessment because of a straw related injury! Roll on the crash that has been foretold for way too long but ignored… or else the American brokers will just bump another 200pts on the DOW and claim everythings ok.

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  • CDO = compound damage orgy.

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