(WSJ) Who wants to buy some toxic assets? It may not sound like the most tempting offer—but don’t be shocked if you hear this same pitch from your financial adviser sometime soon.
New York-based fund giant BlackRock is launching a closed-end mutual fund aimed at allowing ordinary investors to put their money into the kind of toxic mortgage-backed securities that nearly brought down the financial system a few months ago. Shares are expected to go on sale in about a month.
Goes right along with an article I read yesterday showing that the average American can't tell you the five basic rights afforded us by the constitution but they can name every family member of the Simpsons! We are friggin doomed!
Well today was a repeat of yesterday which was a copy of the day before that well you get the picture. Floating up on nothing but smoke and mirrors.
Tomorrows pick is long IYT @ 63.03
