SI
SI
discoversearch

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 ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TimF who wrote (422174)10/3/2008 6:15:05 PM
From: TigerPaw  Read Replies (1) of 1572099
 
The critical characteristic was that high risk loans were being insured and sold as low risk loans but there was no capital to back up the insurance. The same problem would have existed no matter what high risk investment was being backed by phony insurance. It may be that mortgages happened to be the category that started making claims on insurance first, but that doesn't mean they are the root cause of the crisis. The root cause is the phony insurance that could not pay on claims, the trigger was the mortgages.

TP
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News