I Want To Write About It, Really:

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Mortgage and Lending with BANK of the OZARKS

The $700 Billion is all the news right now but I honestly have little to comment on it.  Guaranty this, I do not want the banking and insurance markets to take down all of this economy, but I am just mad.  Mad that the "smart guys" created ways to make their companies more profitable and then shared those ways with their other friends who were also leaders in their companies. 

I watched 60 minutes and they helped to shed even more light on this.  Credit Default Swaps without capital to back it up.  Want to know the scarry part- this is not about the "sub prime" mess, this is big banks and insurance companies getting greedy, leveraging some bets (not using their money while betting) and they now say there is over 60 Trillion exposed in this Shadow Market.  Yea to the smart guys who used a math equation to make millions and look at us now.  And better yet- shift the focus away from them and on to the "sub prime" fall out for the mess we are in...

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Geoffrey Davis

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