Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: i-node who wrote (435228)	11/17/2008 10:00:29 AM
From: combjelly	2 Recommendations Read Replies (1) of 1573685

"No, they aren't. But they are the CORE problem." It has expanded well beyond the core. It very well may have started there, but things have changed. As has been pointed out in more than one article, the CDS's have been valued as high as $70 trillion. Which is more than the value of all other securities in the world put together. There is no way that is a stable system. "The Kos post was a bullshit attempt at misdirection, trying to get peoples eyes off the ball. " Like I said, you don't understand the scope of the problem. Not even a little bit. The reason why Paulson is doing a credible imitation of a Chinese fire drill is because the problem is much bigger than some bad mortgages. The $2 trillion in emergency loans and the $700 billion in bailout money would have solved that problem several times. But, the problem is far from solved. Credit has dried up, both domestically and internationally. This is a lot bigger than those mortgages.

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