08-23-2007, 11:30 AM
|
|
CC Member
|
|
|
Join Date: Jan 2004
Location: Tropics as often as possible,
FL
Cobra Make, Engine: ERA #2097 -289FIA . 351W. PSE Torq Thrust 17" Ds. All Black.
Posts: 1,190
|
|
Not Ranked
I believe I heard one report that said the "subprime" (high risk) loans could directly/indirectly cause havic for some large hedge funds (the same ones giving out million dollar Xmas bonuses). I don't think the hedge funds hold the mortgages just stock in the companies that hold the mortgages. So bailing out the mortgage holders in effect would bail out the hedge funds wouldn't it?
I had a close friend who was a senior vice president (sales) for Freddie and she basically said that the "public" would be appalled if it were aware of some of the things (besides the recent accounting scandals) that went on.....me, I was just in awe of her no limit expense account......first class air/limo to & from work/business trips to ski resorts, etc.
|
Threaded Mode
