Difference between revisions of "2008-06-25 Money for Nothing"
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<let name=data index=URL>http://online.wsj.com/article_email/SB121435152605601613-lMyQjAxMDI4MTI0NjMyNTYxWj.html}} | <let name=data index=URL>http://online.wsj.com/article_email/SB121435152605601613-lMyQjAxMDI4MTI0NjMyNTYxWj.html}} | ||
<let name=data index=Title>Money for Nothing</let> | <let name=data index=Title>Money for Nothing</let> | ||
− | + | <let name=data index=Text>“The [[Bear Stearns]] people dismissed my questions with ill-concealed contempt. Their computer models told them that home prices wouldn't fall much and that few people would default on their loans, barring another [[Great Depression|Depression]]. .. About the same time, [[Richard Bitner]], the co-owner of a small subprime mortgage bank in Dallas, was coming to a different conclusion. Mr. Bitner wasn't relying on mathematical formulas. He was dealing with actual subprime borrowers...” The article is a review of Bitner's book ''[[Confessions of a Subprime Lender]]''.</let> | |
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