An entry below titled “Up to $6.5 trillion in mortgage-backed securities may be in jeopardy. Subprime borrowers may have an escape hatch — no paperwork providing standing to sue!”, got this response from short story writer Philip Zack:
The situation inspired me to write a short story called “As Is” about life after the collapse. It starts [...]
Filed under: Brainstorming | 15 Comments »
A blogger named Syzygy just wrote this comment to the entry called “Why Not Gold?” below. The query was about the “real bills” doctrine, but I’ll quote the whole thing, as it was nice! –
“Am one-third through your book now. Of the hundreds of non-fiction books I’ve read, yours easily deserves a place in the top ten. [...]
Filed under: Brainstorming | 9 Comments »
Subprime is just the tip of the iceberg. The banks are concealing bad loans Enron style . . .
http://www.counterpunch.org/martens12072007.html
“ON THE CUSP OF A MAMMOTH FINANCIAL CRISIS. AT STAKE IS NOTHING LESS THAN THE CONTINUED EXISTENCE OF THE U.S. BANKING SYSTEM.”
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/12/09/IN5BTNJ2V.DTL
Filed under: In the News | 3 Comments »
