What is Sub-Prime and Why It Matters
[UPDATED 03/09/07 — 15:41 MST] GE is cutting staff and ending no-down-payment mortgages. [UPDATED 03/08/07 — 07:41 MST] New Century (#2 sub-prime lender) calls it quits; the question now is how long until WAMU, Wells Fargo and Countrywide start to show signs of the financial pressure they are under, too. The unwinding of the Yen […]
What Were We Thinking?
As Webster has mentioned, some time early in 2006 I started tracking several pieces of the financial sector using a new tool I invented that we named “Boomerang”. Suffice to say it was originally conceived as a tool for intelligence fusion for things like the war on terror. Unable to find a vehicle inside the […]
Read More