cavelamb himself wrote:
I posted this in another thread, John, but it's more on topic here.

This is what Dave Ramsey said on his site.
Basically, the whole mess was caused by a change in the accounting
laws (as a result of the Enron mess).



http://www1.daveramsey.com/etc/fed_b...up_10887.htmlc




I saw it Richard and it just ain't so.
Mortgages and the bonds they form aren't really the problem that the current
bail out seeks to address.
That you believe this to be the case is completely understandable but not
true.


--

John R. Carroll
www.machiningsolution.com