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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Boca_PETE who wrote (101523)2/21/2009 12:02:11 PM
From: Skeeter Bug1 Recommendation  Read Replies (2) of 110194
 
>>Now one wonders if quality counter-parties even exist.<<

i think they do know - they do not exist except at the generosity of the united states' government.

while they consider the government bought and paid for, politicians can be fickle.

something to keep in mind is that much of that CDS exposure was used to sell their lip sticked pig sh*t mortgage bundle securities so they could reap the commissions.

financial innovation in the wild.

the whole operation was just a massive criminal fraud.

i only support using tax payer money in as much as we put bars around these criminals.
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