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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Grommit who wrote (30286)	3/10/2008 2:03:13 PM
From: Madharry	Read Replies (1) \| Respond to of 78673

that may be fine for buffet but how many of us does that apply to? even if tma files , i dont know that they can stay creditors from exercising collateral to pay off a direct loan secured by that collateral. to my knowledge that has never worked in the past. I would be very concerned about the equity markets shutting down for even a week let alone 10 years. btw im sure the people who are stuck with auction rate notes arent gonna be whistling dixie either. I am f***** shocked that none of these highly paid financial executives learned that you dont finance long term assets with short term debt. I learned this and taught this 25 years in a program for lenders. The whole prime lending thing is and was absurd. The regulators should never have permitted it. This is a very bad situation all around.