2009-02-16 — villagevoice.com
``Credit derivatives—those securities that few have ever seen—are one reason why this crisis is so different from 1929.''
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catherine at 03:05 2009-02-17 said:
right on, that is why when someone whines that today's foreclosures are no where near as bad as the savings and loans, hehehehe, you have to realize that these loans were sold hundreds of times over, 15-20% FAILURE is worth 50-70% back then if a home failed during the savings and loan crisis the bank failed, now a country fails ouch Permalinkadd a comment | go to forum thread
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