Thursday, July 05, 2007
You Da Bomb
Goldman Sachs Group Inc., the world's biggest securities firm, yesterday said the value of its collateralized debt obligations, securities backed by bonds and loans, dropped $1.56 billion, or 29 percent, to $3.79 billion in the second quarter. Goldman's fixed-income revenue fell 24 percent because of home loan delinquencies, the New York-based firm bank said in its quarterly filing with the Securities and Exchange Commission.Money comes, money goes, money ebbs and flows....
I'm going to have a busy day after an encounter with a rattlesnake on the doorstep last night so posting will be light. For entertainment, how about this mortgage broker? He advertises for Nevada lenders who do "stupid, dangerous loans" and gets several hopeful responses.