Tuesday, September 9, 2008

Bear Stearns(broker), Fannie Mae(mortgage insurer), Freddie Mac (mortgage insurer), next in line for some government takeover is ...(drumroll)

Lehman Brothers (broker)

Do you feel it coming?
"It is clear that this is not going to be the worst housing recession in the last 50 years. It is rather going to be the worst housing recession since the Great Depression or, better, the worst housing recession ever in US history." -Professor Nouriel Roubini of New York University, August 2008

No comments: