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


To: steve harris who wrote (361022)12/2/2007 11:55:45 PM
From: tejek  Read Replies (1) | Respond to of 1572033
 
The subprime problems are an ongoing mess that won't be cleaned up easily

Really?

I doubt the "mess" is as large as you "feel" it is.

Show me your vast knowledge and give us some numbers to support the size of your mess.


While its true that no one knows for certain, estimates range from $300 to 500 billion. And we know now thanks to the Citadel deal that the consolidated mess is worth about $.25 on the dollar.

Don't worry, if you can't support your "mess", I'll post the numbers to show you how small your "mess" really is.

Why don't you explain to me what you think the subprime mess is all about? And why its not that significant?