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Technology Stocks : Apple Inc.
AAPL 275.27+0.3%9:52 AM EST
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To: Keith Feral who wrote (78030)9/18/2008 1:19:26 PM
From: HerbVic  Read Replies (1) of 213176
 
I certainly agree with you there, on all points. From the bits and pieces I've been getting, the actual defaults wasn't that big a piece of the overall pie. Most of the initial doom and gloom was with CDOs that had little transparency and something like 3% defaults. From there, the forced write downs, stock drops and ratings mark downs fed the flames of destruction like oxygen and kerosine. But the underlying assets were still a lot more valuable than the cost of acquisition by the government.

We can't keep this up. There has to be an end in sight somewhere.
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