Looting Dem Bones

Your hedge fund bones connected to your house bubble bones
Dem bones dem bones dem dry bones
Your housing bones connected to your interest rate bones
Dem bones dem bones dem dry bones
The bubble bones connected to the rich folks bones.

In previous post below I stated "Even if the bubble bursts, never fear. The Wall Street boys, always in search of big money, will find a way to turn bubbles into a lot of loot, or is that loot a lot of bubbles?"

Sept. 21 (Bloomberg) -- Wilbur L. Ross Jr., who became a billionaire by investing in bankrupt steel companies, offered to pay at least $435 million for a unit of American Home Mortgage Investment Corp. and said he plans to "get into all aspects of the mortgage industry."

"We feel that the mortgage industry is a very fundamental industry to America," Ross said today in an interview. "We felt the key starting place would be servicing."

Ross, 69, compared the state of the mortgage industry to the opportunities he saw in steel and auto parts five years ago. Starting in 2002, Ross bought four bankrupt steel companies and merged them to create North America's second-largest steel producer. He sold the company, International Steel Group Inc., to Indian billionaire Lakshimi Mittal for $4.7 billion three years later. Ross also has invested in coal and textiles.

Last year, Ross received $685 million in funding from Goldman Sachs Group Inc. to pursue larger buyouts of bankrupt companies.