1

bailbondsman reference

Submitted by Julie Rains on April 5, 2008 - 09:31.

It took me a while to figure out why you referenced bailbondsmen -- I am thinking that they (the Fed) make promises on someone else's behalf (Bear Stearns), guaranteeing payment if Bear skips town.

At least you knew, 10 years ago, where you were driving and the amount of money you needed to get there. Not knowing the extent of the problem (and why don't the investment banks know how much?) is what I find most disturbing.

Reply

Please keep the comments civil and on-topic. Abusive or inappropriate comments will be removed without warning. By posting here you agree to our terms of use.

The content of this field is kept private and will not be shown publicly.
If you leave a link (include the http:// part), your name will be linked to your homepage.

You may use some HTML for formatting: <strong>bold text</strong>, <em>italics</em>, and <a href="">for links</a>. Empty lines are automatically converted to paragraph breaks.

Or click the link above that says 'enable rich-text' to use the fancy editor.

Captcha
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
4 + 6 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.

Have more to say? Join the discussions at Wise Bread's Finance and Frugality Forums.

Finance Blogs - Blog Top Sites