Re:Byrne was right all along... (Score 1)

> I bet you think that the "mortgage crises" and the naked short scandal are seperate issues. What do you think the brokers did with the money they stole from investors, their clients, through naked shorting???? Put it under the mattress? Hint: It had to do with mortgages. Get a clue. They all bought MBS's to get that easy triple AAA rated 9% yeild....Then reality set in and the Mortgage backed paper is worthless and the Brokers still have to replace the stolen money in their clients accounts. So to say this is a "mortgage crisis" really doesn't define the entire issue. Mark this post. Some smart go getter in the financial media will be reporting on the depth of the problem one day, then you can say you heard it here first.