Do you find it funny that the old days just keep coming back
maybe we should study history a little more
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| Contemplating the nuances of the financial-dark-matter universe can confuse most people. One exception might be the word "conduit," readily understood to mean a channel through which something is transported. Innocuous enough, unless you're talking about structured-credit conduits. This variety has managed to snake its way to money-market funds. The potential threat to this safe investment is among the updates I'll share with readers this week, as I continue to chronicle the consequences of America's mortgage and credit mania. However, Wall Street lately has focused not on the fallout but on hopes of a bailout, in the belief that Fannie Mae and Freddie Mac will be able to expand the size of their portfolios. Maybe Congress will give them the green light (though this is no sure thing), but it won't be enough to solve all of the problems. (It's just a variation of saying: Don't worry, everything is contained.) |
I like this guy he uses the M word
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Jeff Tumbarello
H. G. Wells - "Human history becomes more and more a race between education and catastrophe."
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