Steve Holden 
Member since Nov 2, 2011


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Re: “Bank of America's Brian Moynihan thinks he's incensed

@Me: if what you say is true then shouldn't the banks and finance houses have ceased to offer CDOs when they knew they were going to bust? If you can't see anything wrong with a $10bn market carrying $66bn of insurance (kind of makes it obvious that there's more money to be made by letting the products sink without trace) then you are a dimwit of the first water. Regulation is required, it's just a shame we don't have a government with the cojones and integrity to properly regulate.

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Posted by Steve Holden on 11/02/2011 at 2:05 PM

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