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Politics : Formerly About Advanced Micro Devices
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To: bentway who wrote (425627)10/13/2008 4:42:07 PM
From: Road Walker  Read Replies (2) of 1574683
 
,i>I'm actually more concerned by what the CDS's secure, which is $500+ trillion of paper largely based on derivatives.

They certainly enabled the cheap money/credit of the last 5 years... still most of those loans will be OK as long as we don't go into a deep recession. Which just might happen when the CDSs are unwound.

Hell, let's just have the Feds take over the entire public sector, and start over. It would be worth it to see Inode and Bummer as government employees.
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