Tuesday, August 07, 2007

Yea, Though I Walk Through the Valley of the Shadow of the Bond Market

by Tanta on 8/07/2007 07:44:00 AM

Bank of America is with me.

Bloomberg:

Aug. 7 (Bloomberg) -- A California Bible school sued its bankers on July 31 for fraud in connection with swaps, and you have to wonder how many other municipalities can say what the school said in its lawsuit.

We did everything they told us to.

They negotiated all the terms on our behalf.

They assured us they were representing our best interests.

We relied on them to get everything right.

We didn't know what we were doing.
Sounds like a bunch of subprime deadbeats to me.*

*Warning: You are consuming irony. This early in the day, too.