But we are thinking small here ... what about Mortgages for everyone with an ID card and the ability to make an "X" on a document? There is a lot of money for the Pyramid there! And if we encourage flipping of real estate and irrational appraisals to insanely inflate the property values, the sky's them limit for CMOs we can generate from that! Brilliant! Factor in home owners tapping into the equity of their over valued homes with loans and there is another CDO opportunity!
It is an AMAZING plan, Mr Franken ,,, and as long as the credit markets don't freeze causing the inflated securities' values to collapse (silly thought) we will be living high on the hog!
Are we good or what? Let's give it a shot!
About Economy
Read the Article at HuffingtonPost
No comments:
Post a Comment