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View Diary: Tough Choice: If DOJ Prosecutes Wall Street, Banks Could Collapse (196 comments)

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  •  Likely, he figures the government (4+ / 0-)
    Recommended by:
    YucatanMan, Mike Taylor, JesseCW, cynndara

    will continue to protect them and help them out when the books look bad with cash and bizarre accounting rules. Not a bad calculation.

    Hey, speaking of books, in your expert opinion if I have a Mortgage Backed Security bought in 2008 for $1M, and the houses backing that MBS have lost 25% of their value since, would you buy that MBS for $1M? Or for much much more?


    Markos! Not only are the Gates Not Crashed, they've fallen on us. Actual Representatives are what we urgently need, because we have almost none.

    by Jim P on Wed Feb 06, 2013 at 07:45:41 PM PST

    [ Parent ]

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