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

To: Road Walker who wrote (424587)	10/10/2008 5:10:46 PM
From: tejek	Read Replies (1) \| Respond to of 1576400

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>. Yup. LEH was a big mistake. Washington was going to teach Wall Street a big lesson. Whose laughing now? 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! I lost my interest in baseball when the Mariners lost 100 games in a row. I now think baseball is a lousy game......for children. <g> Go Seahawks!