P.A.F. You are full of the proverbial! The sub-prime was just the start of it. You seem to be forgetting the effect of corporate debt in the form of CDOs and other variations of derivatives that the likes of WB and other analysts were pointing out for some time. These were taken up by nearly every greedy bank around the world plus everyone wanting everything now and on credit!
PAF, having read your diatribes for the last 12 mths is just too much. I'm tired of pilots, especially ex ADF types full of their own self importance. We don't create anything, just move people around in an ally tube
