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Politics : American Presidential Politics and foreign affairs
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To: DuckTapeSunroof who wrote (39929)12/28/2009 3:02:15 PM
From: TimF  Read Replies (1) of 71588
 
All the securitized sub-prime mortgatges in the entire world don't amount to even 5% of the notional value of the global Credit Default Swaps markets....

So what? Make your argument based on those facts. Arguments without facts might be unreliable depending on the details and the context, but facts without context and arguments are pretty meaningless.

Lots of things exceded the sub-prime market, but

1 - Again, the problematic mortgages where not just those labeled sub-prime, let alone just "securitized sub-prime", you take a subsection, or a subsection of one of the issues, and use that part of a part of the whole, to claim that the whole is tiny when it isn't (and actually even the part of the part that your talk about can't reasonably be described as tiny).

2 - The sub-prime, and other questionable mortgages, helped inflate the other markets you mention, and the collapse in housing, and in these mortgages helped bring down those other markets.
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