Re: Mortgage Meltdown
The only real criminals here are the fund managers that were retarded enough to buy these mortgages. The reason people at your company were willing to underwrite all this bad debt is because they could sell package it and sell it to idiotic fund managers who don't even bother to research the assets they are buying. If some idiot was willing to pay me $1 for something worth 25 cents I would sell as much as I possibly could.
|