John Pitera's Market 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 : John Pitera's Market Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: stomper who wrote (9181)	3/27/2008 1:05:57 PM
From: Lazarus_Long	Read Replies (1) of 33421

I don't find it the least bit discomforting to let the whole mess play out as it would. Amen, bro. I think it'll take blood in the streets for these idjits to learn their lesson. Having financial CEOs and 'risk manager's handed their heads will make the survivors more careful next time. They won't make clearly idiotic, highly leveraged loans (with them often supplying the lever). T's? The Economist estimates a BS failure could be 10T$. Now that assumes that all the funny paper they had was actually worthless, which is quite an assumption. Some of the mortgage holders would keep paying; others could be renegotiated at a lower interest rate, making them sell for less. (Of course, the decrease in rates might make them MORE valuable!) The real seems to have been that other Wall Street houses wouldn't trade with BS. That doesn't make it worthless. Out of business, maybe, but not worthless. The Fed should tend to its knitting. This is way outside its charter. Bernanke and every Fed guv involved in this should be impeached.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next