0 votes

So who is really paying for

the bad mortgage debt from from the latest bank sub-prime mortgage scam?

See the article, like many others today
http://biz.yahoo.com/ap/080311/wall_street.html

I like this line:

"The Fed is basically going to take the bad loans off the banks' books, and the market seems to be loving that idea."

How much more hot air can they pump into this monster before it explodes?