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

To: tejek who wrote (424585)	10/10/2008 4:36:09 PM
From: Road Walker	Read Replies (2) \| Respond to of 1576376

People who think this is a joke.....and we know who they are......are pretty stupid. The only problem I see with this scenario is that Paulson and Bernanke took too long to respond making things much worse than they had to be. Hate to say it but they probably shouldn't have let Lehman fail <said the Monday morning quarterback>. Listening to the radio on the way home they said the credit default swap liability is over $60Trillion, somewhere way north of the entire value of the US stock markets. The crap is all over the place "insuring" all sorts of risky investments. Most firms bought and sold CDSs; AIG just wrote them like insurance, and they were toast. Go Tampa Bay Rays... going to the ALCS tonight!

To: tejek who wrote (424585)	10/10/2008 5:13:29 PM
From: combjelly	Respond to of 1576376

"People who think this is a joke.....and we know who they are......are pretty stupid." Not stupid. Just not understanding the cards laying on the table. Not that I claim I understand it all. Or even most. But I do understand enough to realize that the game has changed on a fundamental level. And I know enough to realize that isn't fun.