The Housing Bubble Blog » Falling Like Tears From A Tall Camel's Eye
2008-07-18
“John West, President & COO Community National Bank in Midland, said, 'The housing industry in Texas is strong and good. So, I would not worry about a savings bank in Texas. I would worry about a savings bank in California or Florida.'” ... Use words like 'Securitization,' 'Government Sponsored Enterprises' and 'Collateralized Debt Obligations' and you can cast the liveliest conversation into dead silence. Look past that mind-numbing jargon and you will see a $5 trillion ...