Doing the right thing, after we exhaust the alternatives
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Just a friendly reminder as we're listening to economic reports. Before we get a chance to recover from the first wave of mortgage defaults, a second wave will hit.
Making charts like this is what banks and investors do. This same information was available to the long range prognosticators at Wall Street before they sold these mortgages.
Their good business sense was replaced by the size of the profits. These charts told them when to get out and escape the retribution.
Sat, 11 Jul 2009 16:59:07
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