Comments on: Collateralised Loan Obligations: A Game of Fraud & Folly http://www.dailyreckoning.com.au/collateralized-loan-obligations/2007/09/13/ An independent perspective on the Australian and global investment markets Sun, 21 Mar 2010 04:26:42 +0000 http://wordpress.org/?v=2.8 hourly 1 By: Brian Wheatley http://www.dailyreckoning.com.au/collateralized-loan-obligations/2007/09/13/comment-page-1/#comment-3213 Brian Wheatley Thu, 13 Sep 2007 02:48:09 +0000 http://www.dailyreckoning.com.au/collateralized-loan-obligations/2007/09/13/#comment-3213 The mass extension of credit relating not just to the sub-prime market, has been going on for around 7 years now. What amazes me is that the increasing indebtedness of so many Americans, and the rest of the Western world, has not yet resulted in the collapse The Daily Reckoning has been warning about. The governments remind me of a group of jugglers keeping balls in the air and adding to them all the while, yet doing this as if to prevent them crashing to the ground. Brian The mass extension of credit relating not just to the sub-prime market, has been going on for around 7 years now. What amazes me is that the increasing indebtedness of so many Americans, and the rest of the Western world, has not yet resulted in the collapse The Daily Reckoning has been warning about.

The governments remind me of a group of jugglers keeping balls in the air and adding to them all the while, yet doing this as if to prevent them crashing to the ground.

Brian

]]>