Blowing In The Subprime Wind

Craig Zarley pulls a classic out of the Bob Dylan songbook, to sum up his feelings about the "MBA wizards" responsible for the current Subprime Storm:

"Lately I can't seem to keep the Bob Dylan song "Idiot Wind" out of my head. It's because the subprime mortgage debacle reminds me of how stupid brilliant people can be....

Solution providers active in mergers and acquisitions report that deals they have in the works may fall through because some lending institutions have put a lock on loans until the dust clears. And for those thinking about or in the process of selling their businesses, some specialists estimate the value of your company just took as much as a 20 percent hit."

More cartoon perspective via The Big Picture.

Posted by Joe Caponi at 05:09 PM, September 5, 2007

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