FINANCIAL SENSE -- EXIT 2007: DENIALS & TONTARIAQuicklink submitted by Sheila Samples Permalink
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|Wall Street is in deep sneakers. They are busy putting a positive spin on 2007, which in mid-year unleashed the beginning of an unstoppable nightmare. The first cracks were revealed in gory fashion in the form of subprime mortgages blasting fissures through the entire bank and bond system. The next cracks will blossom into a mindboggling series of shocks next year.|
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