Subprime: The Case of Targeted Legislation: Part 1, the pain
Evolution of the subprime mess leads journalists in a constant search for new angles. If Erle Stanley Gardner had been writing these mysteries, he might have titled them The Case of the Bamboozled Borrower, The Big Writedown, The Evil Securitization Wizards, The Conniving Counterparties, The Horrified Homeowners, and The Laid-Off Lenders.
We’re all nervous, [...]
