Sucks that US taxpayers are going to bear the bill for all the leveraged lending once again.
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Sucks that US taxpayers are going to bear the bill for all the leveraged lending once again.
I dont think on this one. Much smaller market than the traditional MBS and affects the regional banks. A lot of them will be swallowed up by the bigger competitors...making the too big to fail even bigger.
Bank crisis are nothing. It is the forthcoming sovereign debt crisis that everyone should be worried about. No trickery can offset that.