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Strategies & Market Trends : Grant's Interest Rate Observer -- Ignore unavailable to you. Want to Upgrade?

To: zebra4o1 who wrote (43)10/2/2008 6:47:03 PM
From: AuBug  Respond to of 62
 


Thanks for the FT interview. Jim Chanos next is a good listen as well.



To: zebra4o1 who wrote (43)10/6/2008 2:09:10 AM
From: AuBug  Read Replies (1) | Respond to of 62
 
Jim Grant was really impressive on 60 Minutes tonight calling the pondscum that caused the meltdown criminals. Another guy explained that the swaps are actually an insurance policy but federal law excludes them from insurance regulation and so they did not have to have the collateral to be able to pay if the policy came due. He said it was the mortgages that are the problem it's all trillions in side bets they made.


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