Real estate blog entries tagged with enron by Caleb Mardini

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Home : Blogs : Caleb Mardini : Think : Tag "enron"

enron: Smells Like Enron - 07/31/08 12:30 PM

This is a repost of something I wrote in another blog, but I thought it apt to share here in that it involves one of the investment banks involved very heavily in sub-prime lending and selling mortgage backed securities. How does this affect you? Credit (read: mortgage) markets are tight, there are many factors contributing to credit contraction, but one big one is lack of confidence in mortgage backed investment vehicles. Actions like these taken by Lehman Brothers further erode market confidence, prolonging a downturn.
Lehman Brothers, a sort of Wall Street cousin to Bear Stearns (read: should have collapsed a long time … (1 comments)

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Caleb Mardini

Bellevue, WA

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