Monday, March 5, 2007

Bye bye bye, Sub Prime.

The Beginning of the End of Subprime Lending.

Anyone old enough to read and understand this stuff remembers well enough the junk bond fiasco of the late 80's, and the technology bubble of the late 90's.

We're just about near the late 2000's, and here we are again, with "junk" loans.

This is the beginning of the end. This is exciting times. I can't wait for the bloodshed to ensue.

Of course, I only say this after having gotten out of the market myself.

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