Saturday, August 20, 2005

Someone Else's Money

What are Wall Street's feelings about whether there's a housing bubble? They want their money back. Check out the story in Sunday's LA Times:
… While talk of a housing bubble has been incessant over the last year, only now are the money handlers on Wall Street beginning to worry about payback — that is, how much of the credit extended in this borrowing extravaganza won't be paid back.