The Epic American Credit and Bond Bubble Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: mishedlo who wrote (1567)	10/19/2003 9:02:16 AM
From: Real Man	of 110194

As I understood what happened was that Fannie and Freddie lost a bundle on derivatives, and then they were saved by the Fed. That means banks won that bundle. That's pretty funny - you can always bet on leveraged derivatives, cause if you win, you get paid. But if you lose, the taxpayer will pay what you owe. You pay taxes on what you won, but hey! Isn't that worth it? This is what happened this August and September. I'd like to be a major bank, it's cool! The Tax man only comes and takes from me, never gives me anything back, except in case he took too much.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next