EYE ON THE PIE: Subprime mortgages meet subprime plans
I’m a clipper. I clip articles from newspapers, newsletters, magazines and Web sites. For example, back on March 12, 2007, I clipped an article in which the U.S. Treasury’s undersecretary for domestic finance said, “We monitor the markets all the time, and are hopefully pretty aware of market conditions. It seems to us that the situation [in the subprime mortgage market] is a manageable one, that we’re watching.” That was a relief. Treasury is watching and they believe “the situation…