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anderbest18

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anderbest18

Re: DK 212 post# 137813

Tuesday, 02/26/2008 4:41:08 PM

Tuesday, February 26, 2008 4:41:08 PM

Post# of 245602
yeah, just like everybody knew what big positions the banks were holding with their sub prime loans...
Any big bank has even a special department for venture capital. They invest a certain percentage of their funds in those high risk plays. It is not decided by some loan officer, it is a team who investigates that and most of the time decided by a credit committee.
They would not call it a "good gamble" as you mention, but rather a "calculated risk"

just to check if the above is for the amusement of the writer and should only be considered as useless drivel

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