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Loan Modification

: Mortgage Lender Implode-o-Meter

The Swaps That Swallowed Your Town

By Implode-Explode Heavy Industries

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" AS more details surface about how derivatives helped Greece and perhaps other countries mask their debt loads, let?s not forget that the wonders of these complex products aren?t on display only overseas. Across our very own country, municipalities, school districts, sewer systems and other tax-exempt debt issuers are ensnared in the derivatives mess."

Full post as published by Mortgage Lender Implode-o-Meter on March 07, 2010 (boomark / email).

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