Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
"The other 75% want the banks to burn in hell." -- And may their wish be granted! And let the debt they fraudulently created be burned with them. Then all of the countries whose banks and citizens bought the bogus RMBSs and the CDOs written around them will have to figure out how to deal with the fact that their security just evaporated. It is much more plausible that other banks "should have known" than that individual borrowers "should have known". It will be hard to spin it otherwise, at least to the borrowers.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Oct 15th, 2010 at 02:26:16 PM EST
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