Posted
10:16 AM
by Gene
When even
The Paper of Re-CORD's Nobel laureate is reduced to saying, "
What an awful mess", we're in trouble.
The trouble is vastly compounded because
so many dire assets were so "sliced and diced" virtually no one owns them.
We'll come out of it, somehow, but it may take the financial equivalent of a ceremonial bonfire just to rid us of these worthless "assets".