Thursday, March 11, 2010

Second Thoughts

And now they're getting queasy over throwing money down the giant rat hole that is ditech.com.* When this lender became an FDIC-insured bank, the troubles with the mortgage market and bad mortgages were far from over but just getting started.

*d/b/a GMAC Mortgage Corp

in reference to: TARP Oversight Panel Finds Fault With GMAC Bailouts - NYTimes.com (view on Google Sidewiki)

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