Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: combjelly who wrote (461011)	3/4/2009 12:36:49 PM
From: bentway	Read Replies (2) of 1575840

What bothers me about bailing out the CDS "insurance" writers is that some large percentage, maybe even the majority of those instruments were taken out as BETS that the underlying security would fail, NOT to insure the security. I don't like thinking that our tax dollars are paying off casino bets. None of us are allowed to take out life insurance on our neighbor, or fire insurance on his house - it's ILLEGAL. Why do these investors get a pass?

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