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31 Dec 09
Where We Are, Where We're Heading (2010) - The Market Ticker
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There's a rather complex "prisoner's dilemma" going on at the present time, with none of the banks wanting to liquidate either securities or inventory lest they trigger an avalanche. Yet each is eying the door, fully-aware that the first one through will be the only one who gets through should anyone bolt. One of the more-interesting identities for the man yelling "FIRE!" could be a lawsuit - or state prosecution - over the myriad misrepresentation in this space during the bubble years.
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