Orange County

[Groundhog]

http://dealbook.nytimes.com/2012/02/18/bonds-backed-by-mortgages-regain-allure/

Here is an interesting NY Times article regarding  Wall Street Hedge Fund investor Greg Lippmann aka "Bubble Boy", and other cohorts.

It makes some very interesting observations upon the Housing Market in general, and the Mortgage Bond Market in particular. 

IMHO, Joe & Jane Mainstreet do not stand a chance against these guys.

There is much food for thought in this article, the economic boat may yet sink accordingly. They almost got us last time.

Let us hope not again this time, and again, and again........

Groundhog opinion

OGR

[digo]

What goes around comes around (or something like that).

Perhaps the Hedge Fund investors will get their just desserts some day, but in the mean time they are ready to invest in mortgages again.

Where did they get all that cash to invest in the first place?

[Groundhog]

Hiya digo,

Who knows what evil lurks in the hearts of man, THE SHADOW DO!

I think perhaps The Bernie Madoff  Club may have other members. After all, Bernie definitely made off with the cash! 

Others are perhaps just not as egregious or obvious..........Ahhh, the secret world of Hedge Fund investing. Could the TBTF Bankster Gangsters who have been taking peoples homes with all manner of gimmicks, including ROBO signing be in on it?

Was the repeal of Glass- Steagall a legalized grab for cash maneuver by Wall Street which our Fed allowed?

Is Wall Street now running this country by "Proxy of The Dollar"?

What amazes me is Bernie stole a relatively modest $50 Billion..........What about the $15 Trillion now lost to National Debt, wait until that ticket comes due, oh boy! That sum makes Bernie's theft look puny indeed.

Just for funnies, here is an old Forbes article from 2008. It is fun to read in retrospect. Bernie's now infamous Hedge Fund was titled Ascot Pardners. Apparently that Hedge Fund should have been named Ascot Partners in Crime.

http://www.forbes.com/2008/12/12/madoff-ponzi-hedge-pf-ii-in_rl_1212croesus_inl.html

Groundhog opinion

OGR