Comments on: Book Review: Plunder – Investigating Our Economic Calamity And The Subprime Scandal by Danny Schechter http://www.bloggernews.net/118882 High-quality English language analysis and editorial writing on the news. Fri, 17 Feb 2012 13:29:17 +0000 http://wordpress.org/?v=2.3.3 By: titopoet http://www.bloggernews.net/118882#comment-835335 titopoet Fri, 19 Dec 2008 23:30:17 +0000 http://www.bloggernews.net/118882#comment-835335 What constantly surprising to me is how the blame keeps going to the subprime mortgages. They were risky, and the losses from them should have been large, but not as large as being logged by the big financial institutions. Those losses being claimed as mortgage securities losses are actually Credit default Swap bets on the subprime mortgages. It was the casino style betting that the financial institutes that caused the mess. If the subprimes continued with now down turn, the dominoes would have fallen from another sector. The corruption was worse in the financial sector and the exotic deriviates they created. We should stop calling a subprime scandal and call for what it is, a Financial and banks scandal. What constantly surprising to me is how the blame keeps going to the subprime mortgages. They were risky, and the losses from them should have been large, but not as large as being logged by the big financial institutions. Those losses being claimed as mortgage securities losses are actually Credit default Swap bets on the subprime mortgages. It was the casino style betting that the financial institutes that caused the mess. If the subprimes continued with now down turn, the dominoes would have fallen from another sector. The corruption was worse in the financial sector and the exotic deriviates they created. We should stop calling a subprime scandal and call for what it is, a Financial and banks scandal.

]]> By: Kevin Tipple http://www.bloggernews.net/118882#comment-810615 Kevin Tipple Sun, 07 Dec 2008 21:56:05 +0000 http://www.bloggernews.net/118882#comment-810615 Considering there are tons of books on the issue in the pipeline, I would think he would have had to bring something different to the topic to get a interested publisher. Could it be that his quality of writing wasn't good enough? Or did he rush the manuscript? The fact that he paid to be published will hurt his chances of getting serious media exposure. Considering there are tons of books on the issue in the pipeline, I would think he would have had to bring something different to the topic to get a interested publisher. Could it be that his quality of writing wasn’t good enough?

Or did he rush the manuscript? The fact that he paid to be published will hurt his chances of getting serious media exposure.

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