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Scratches to Sketches
Sunday, 4 September 2011
Federal Regulators Sue Big Banks Over Mortgages - NYTimes.com
This is a very necessary stage in the process of correction and adjustment to the scam, some would say fraud, perpetrated by the big banks on the American and World scene. It is something that will slow down the housing market and could take years! Nobody checked to establish that the securities being sold almost everywhere were genuine secure paper. We all know they were the product of greed and loose regulation. Nevertheless, it was the banks that sold the paper and that knew the paper was insecure. Why did they do it? They could do it and they thought they would get away with it.
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Sketches from scratches is a provocative blogspot that has grown out of the Wuh Lax experience. It is eclectic, which means that it might consider just about anything from the simple to the extremely difficult. A scratch can be something that is troubling me or a short line on paper. From a scratch comes a verbal sketch or image sketch of the issue or subject. Other sites have other stuff that should really be of interest to the broad reader. I try to develop themes, but variety often comes before depth.
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