Mish’s Global Economic Trend Analysis: Bankruptcy Reform Act Finally Blows Sky High
Mish’s Global Economic Trend Analysis: Bankruptcy Reform Act Finally Blows Sky High …After the fairy godmother (Bush) signed the bill written by industry lobbyists and passed by Congress as "reform", banks and lending institutions went on a credit binge of previously unimaginable proportion. The most ridiculous abuse of common sense were the so called "Liar Loans" more commonly referred to as "Stated Income Loans".
