Comments on: General Motors Fighting Uphill Battle with Double Edged Sword http://www.peridotcapitalist.com/2008/12/general-motors-fighting-uphill-battle-with-double-edged-sword.html Stock market and investing blog published by Chad Brand, Founder/President of Peridot Capital Sat, 11 Feb 2012 23:26:23 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jim Mullin http://www.peridotcapitalist.com/2008/12/general-motors-fighting-uphill-battle-with-double-edged-sword.html/comment-page-1#comment-1273 Jim Mullin Tue, 30 Dec 2008 20:39:22 +0000 http://www.peridotcapitalist.com/?p=788#comment-1273 A fascinating (if frightening) post would be to consider exactly how much of our financial disaster is due to outright graft (e.g. Madoff) or borderline graft (the rating agencies somehow not picking up on bundled CMO debt OR the very decision to push loans to unsafe borrowers (and then sell those loans). Also, A I right in thinking that this current financial 'downturn' began well before 2008? Thanks. Jim Mullin A fascinating (if frightening) post would be to consider exactly how much of our financial disaster is due to outright graft (e.g. Madoff) or borderline graft (the rating agencies somehow not picking up on bundled CMO debt OR the very decision to push loans to unsafe borrowers (and then sell those loans). Also, A I right in thinking that this current financial ‘downturn’ began well before 2008?

Thanks.

Jim Mullin

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