Difference between revisions of "2008-06-25 Money for Nothing"

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<let name=data index=Date>2008-06-25}}
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<let name=data index=Date>2008-06-25</let>
 
<let name=data index=Topics>\US economy</let>
 
<let name=data index=Topics>\US economy</let>
<let name=data index=URL>http://online.wsj.com/article_email/SB121435152605601613-lMyQjAxMDI4MTI0NjMyNTYxWj.html}}
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<let name=data index=URL>http://online.wsj.com/article_email/SB121435152605601613-lMyQjAxMDI4MTI0NjMyNTYxWj.html</let>
 
<let name=data index=Title>Money for Nothing</let>
 
<let name=data index=Title>Money for Nothing</let>
 
<let name=data index=Text>&ldquo;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...&rdquo; The article is a review of Bitner's book ''[[Confessions of a Subprime Lender]]''.</let>
 
<let name=data index=Text>&ldquo;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...&rdquo; The article is a review of Bitner's book ''[[Confessions of a Subprime Lender]]''.</let>
 
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Revision as of 01:53, 5 April 2011