Subprime fiasco: “We’ve only begun to see the pain”

Testing an alternate blog posting system, so posts may look a bit varied.

Check out this post from AMERICAblog: A great nation deserves the truth:

Let’s all thank the GOP for their bang up job with allowing Wall Street to self regulate. How did anyone think this would not become an ugly problem? “We’ve only begun to see the pain from the standpoint of the homeowner in terms of those monthly payments,” said Bill Gross, chief investment officer of Pacific Investment Management or Pimco.

(from: Subprime fiasco: “We’ve only begun to see the pain”)