Credit problems are too big for the feds to fix
Wall Street is hoping for a bailout of the reckless mortgage sector that violates the whole concept of capitalism. It won't work, because there's too much mess to clean up.
By Bill Fleckenstein
http://articles.moneycentral.msn.com/Investing/ContrarianChronicles/CreditProblemsAreTooBigForTheFedsToFix.aspx
***********
High-risk mortgages turning into toxic mess
Experts believe the biggest problems will emerge during next 16 months
http://www.msnbc.msn.com/id/20216643/
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment