----- Original Message ----- From: "P. J. Alling"
Subject: Re: Moved: denial vs doom (was urbanites vs squirrels)
Funny but the quasi governmental banks Fannie May and Freddie Mac were apparently responsible for a large plurality of said bad loans which they misrepresented on the resale market. This has been reported by the Wall Street Journal. Which no matter what you may think about their editorial page, has a better record of getting their facts straight than any other American paper. It may be partisan but if it's true...
It is intersting to note that this particular meltdown originated in the USA. Whether it was because of no regulation, insufficient regulation, incompetent regulation or just plain dishonest regulation is immaterial. There is a huge problem with the way that business was being done down there.
I also expect that it's back to the same old same old already. William Robb -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net to UNSUBSCRIBE from the PDML, please visit the link directly above and follow the directions.
