RE: That's not the case. I agree that many pension funds did buy bogus scuerities. Those fund managers made big commissions by doing that. It's kind of a simplistic view, but if those fund managers actually opened the Notes, reclaimed the properties, made them viable as rentals, resales, or housing units, there would be no loss. No one wants to deal with housing, or commercial property because that means actual work. None of those people want to work, they just want to sit in an office and play with paper. Rate this comment: 0 0
by Auth 06:40:02 AM 2012.07.26 |