Friday, 07 March 2008 00:00

Whoa!!! Somebody's exaggerating...

I was listening to congress grill and persecute a few CEO's for no valid reason, except for maybe the fact that they couldn't find any more baseball players, when on of them stated that he just finished a committee exploring the monoline's portfolios. He said that in one of the pools, 18% of the mortgages actually had the 1st payment missed. Now, if this is true, somebody in the monolines may not be as forthcoming as they could be.

Last modified on Friday, 07 March 2008 00:00

2 comments

  • Comment Link Brian McEvoy Saturday, 08 March 2008 13:32 posted by Brian McEvoy

    It's too bad, but I find myself in a position where I trust neither the people in Congress nor the CEO.

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  • Comment Link George Schubert Friday, 07 March 2008 20:01 posted by George Schubert

    That was really interesting watching this morning. I have an idea lets have congressional compensation be based on performance, no balanced budget no pay, no WMD found, no pay. That would be the day lol.

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