Formerly About Advanced Micro Devices 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.

Politics : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: i-node who wrote (389314)	6/6/2008 7:54:56 PM
From: combjelly	Read Replies (1) of 1574593

"Nonsense." You clearly don't know the issue. "Every for-profit business is required BY LAW to keep records." For very few of the derivatives, it isn't known exactly what they contain. There isn't an accompanying document that details what they represent. The buyers trust that the sellers are adequately tracking things for them. Given that the sellers are the top securities firms, that seems to be a safe bet. We now know that it isn't. There are people who have avoided foreclosure because it can't be proven who actually holds their note. It has gone off into derivative land with out an inadequate paper trail. Now, if you consider that to be keeping records, well...

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next