Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (69628)	9/27/2007 10:08:14 PM
From: Metacomet	Read Replies (2) \| Respond to of 116555

Not sure how badly I feel for them. It has been obvious since 2000 that the US is being managed by incompetent fools. After witnessing the serial debacles that have visited us during the reign of George the Idiot, for anyone to assume that somehow our financial regulation house was in order is at best contributory negligence....

To: mishedlo who wrote (69628)	9/27/2007 10:39:11 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 116555

Interesting, in that Canada doesn't allow subprime products to be issued to the public, but those entities you mentioned sure bought a lot of that toxic crap from US. Does anyone other than a very few of us understand the meaning of VaR?? (value at risk) Message 23777670 "The whole subprime lending fiasco can't happen here because there is no subprime lending market," he said. "And we've had nothing like the kinds of [mortgage] products that have drawn people, particularly lower-income people, into high levels of indebtedness."