Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I think he means a nightmare from the point of view of a bank regulator who knows a whole heap of "securitised" assets may never be evaluated, not from the POV of mortgage holders faced with foreclosure.
by afew (afew(a in a circle)eurotrib_dot_com) on Mon Mar 2nd, 2009 at 04:32:22 PM EST
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