” You will shortly hear for the many FReepers to whom Goldman, BOA, Countrywide and so forth are heroes to. “
No doubt. Too bad for them that I know mortgage backed securities,and high finance. I spent 30 years in it. I got out in 06, after repeatedly warning FReepers that there will be a trillion dollar meltdown. I only sold “A” paper.....people with a 720 or higher FICO, and good debt to worth ratios. But the REAL money was in “toilet” paper.
And people wonder why they call them ‘Banksters’.