2009-02-25 — denninger.net
" These are the buyers of securitized debt instruments.
This market is closed.
Both ASF (American Securitization Forum) and Federal Reserve statistics say that there has been essentially no securitized debt issuance over the last six months.
None.
That market is closed because this class of investors was gang raped by the pernicious and outrageous fraud up and down the line within the market."
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tvsterling at 21:47 2009-02-26 said:
Seems to be a lot of wishful thinking about the prospects of mortgage frauders getting off scott free. Just like the rich & their continious whining for a new illegal alien amnesty. Both are not gonna happen. Just as soon as we have the alligators beat back into the swamp there will be a reckoning. Both ideas are straight from the greedy, rich elites who now think they own you & me. Even if the politicians are stupid enough to try & give them their way; 1- they will be thrown out of office & 2-the civil courts will chew them up & spit them out anyway. Dream on all you ex limolizards & supersuits. Permalinkadd a comment | go to forum thread
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