Recession nearing an end

[PeriscopeDepth]

Originally Posted by GoldenRivet

Those mortgage companies will have to eat it.

They didnt "lend responsibly." and thats all there is to it.

The problem is those invested in mortgage securities goes far beyond mortgage companies.

And many of the lenders aren't "eating" it. They are being saved (poorly) at taxpayer cost by a government arm headed by a man who lobbied both Congress and the SEC to relax financial industry regulation while he headed an investment bank.

PD