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

To: Road Walker who wrote (427581)	10/17/2008 4:34:12 PM
From: TimF	Read Replies (1) \| Respond to of 1570659

I wouldn't take it lightly either. OTOH some of the statements that I've read about how things will be worse than the great depression etc. are just way over the top.

To: Road Walker who wrote (427581)	10/17/2008 4:46:13 PM
From: bentway	1 Recommendation Respond to of 1570659

The $60 Trillion is just the hedging cost on the $500 trillion of derivatives and other crap out there. Which could only be ginned up with permitted 60X leverage, since there aren't $500 trillion of assets in the entire world. Monopoly money for ultra-wealthy idiots and entities. Which suggests to me that there's some sort a simple solution to deleverage all this crap. Maybe just proclaim the Zero in the 60X leverage REALLY IS zero, and ALL current leverage is now 1/10 of what it was, as far as valuation goes? For a start..