When will it ever end? Much like the previous attempts by the banks to bail themselves out or have tax payers bail them out for their own stupidity, now the bond insurers who helped prop up the subprime bubble are in talks with the banks (yes, many of the same who bought and sold the junk) to prop up the bond insurers. Sounds easy and straightforward, doesn't it?
When common sense and facts disappear from the business model, there is a problem. This market stopped making sense a few years ago but was clouded by the billions in profits that were being dragged in by everyone. It really would have helped back then to have an SEC who cared or a Fed chief who knew how to speak out. To think McCain actually thinks Greenspan is a genius. Heaven forbid...
