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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (346033)	8/7/2007 11:29:43 AM
From: Road Walker	Read Replies (1) \| Respond to of 1575941

He said it happened in all cases. You said it didn't. The opposite. EOM

To: TimF who wrote (346033)	8/9/2007 5:56:55 PM
From: tejek	Read Replies (1) \| Respond to of 1575941

Single central fact NO EXCHAGE TAKES PLACE both parties benefit" is the opposite of "almost always". No its not the opposite. Its different, but the opposite would be something like "no exchange takes place unless both parties are harmed", or "exchanges never take place where both parties benefit". By "almost always", I was being a stickler for accuracy. Some people will look at 99.9+% and say always, I don't. My being a stickler for technical accuracy in this case hardly makes my statement the opposite, or even significantly different. Last year, nearly half of the home buyers put no money down and took out ARM loans to finance their purchases. Then those loans were bundled and sold to secondary parties many of whom were hedge funds. Flash forward a year, most of the home buyers have gone into default as the interest rate on their ARM loans has gone up. These defaulting loans have resulted in margin calls for the hedge funds and the other secondary institutions involved. I bet if you asked the home buyers and the hedge funds how they felt about their exchanges, both parties would give them a thumbs down. Consequently, I think a 99% rate is a gross overstatement. Capitalism is one of the better economic systems in the world but its transactions are not nearly close to perfection.