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

To: tejek who wrote (424637)10/10/2008 8:57:48 PM
From: bentway  Read Replies (1) | Respond to of 1575422
 
I think the subprime mortgage backed securities revealed the existence of the credit default swap paper when MBS's defaulted and the CDS's didn't make their owners whole. That made ALL financial instruments secured with credit default swaps suddenly much more risky. And here we are, in panic town. So, we're WAY past mortgages.

I suspect there are more shoes to drop, as the current market carnage reveals even more players swimming without suits, and more scams.



To: tejek who wrote (424637)10/10/2008 10:28:51 PM
From: steve harris  Read Replies (1) | Respond to of 1575422
 
No, just pointing out more examples of why we threw away 700 billion since the democrats who are responsible are still have a job.


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