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

To: i-node who wrote (421191)	9/30/2008 11:08:35 PM
From: tejek	Respond to of 1577095

>> Here we go.....for days you weren't sure where you stood. You felt you didn't understand the problem well enough. Now with the GOP position pretty much lined up, you fall right into place. Do you ever think for yourself? I believe my first post on the subject expressed doubts about it. It is, after all, a precept of Marxism. Any of you who BELIEVE you know the "right answer" on this are damned idiots. This problem is far too complex to have a simple solution like the one that has been proposed. The most likely outcome, if it passes, is that they'll be back for more within a year or two. So then......because you believe the plan is not complicated enough or because the gov't may come back in a year wanting more money, your position is to do nothing. Is that correct? To understand just how well thought out this proposed "solution" is, one need only view the following quote: “It’s not based on any particular data point,” a Treasury spokeswoman told Forbes.com Tuesday. “We just wanted to choose a really large number.” Its not that the issue has not been thought out........there's no true way of valuing these deriviatives. They are all different in size, location of the collateral, prices on the properties, nature of the loans, etc. To date, very few have been valued. Therefore, all numbers associated with these derivatives are arbitrary at this point.