On Sun, 23 Mar 2008 21:20:32 -0700 (PDT), Too_Many_Tools
wrote:
snip
By the same people who up to their chins in credit card debt....just
waiting to default.

TMT
===========
That's the next tsunami of CDOs to hit, although I don't know if
it will be the credit card debt backed or the auto loan backed
collateralized "securities."

Run for the high ground while you can and hope the wave dosen't
reach that high....


Unka' George [George McDuffee]
-------------------------------------------
He that will not apply new remedies,
must expect new evils:
for Time is the greatest innovator: and
if Time, of course, alter things to the worse,
and wisdom and counsel shall not alter them to the better,
what shall be the end?

Francis Bacon (1561-1626), English philosopher, essayist, statesman.
Essays, "Of Innovations" (1597-1625).