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The end of an era. No more Wall St investment banks
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[QUOTE]Originally posted by bond006: [QB] The whole thing was known for a long time by that I mean about a year. I bank a Washington Mutaul and even the tellers new they were in trouble with bad realestate mortage loans a year ago. Think what could have been done and think now if they would have saved the loans of people in the houses which intern would have saved the value of the securites and the realestate market to.And IMHO would have been doing a good deed by keeping people in there home. still could do it tht way if they wanted to. But they would rather write the loans off and sell them to us and pick up the pieces on the quiet for a song. [/QB][/QUOTE]
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