Richard Clark wrote in OpEdNews that there is further reaming out of housing bubble collateral worldwide. This article points to one example with UBS. Scroll down and see the list of banks which have taken a hit. Clark's article pointed up the fact that the second-mortgage fallout is still coming. It seems shortsighted to put on rose=colored glasses and downright confusing to use reading glasses. |
Read the rest of the story HERE:
At news.bbc.co.uk
Margaret Bassett passed away August 21, 2011. She was a treasured member of the Opednews.com editorial team for four years.
Margaret Bassett--OEN editor--is an 89-year old, currently living in senior housing, with a lifelong interest in political philosophy. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboard into the lives of those who come after her.