Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: HPilot who wrote (142762)	10/23/2008 2:21:20 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 173976

I am not going to bother to dig up the numbers for the US govt now, because even YOUR NUMBER (3.4%) makes it OBVIOUS that it is not bad loans that caused this crash. Have you ever lost 3.4% of your investment portfolio and is that considered a CRASH? Of course it isn't. It is only a problem if you have 100:1 leverage, then any small decline will kill you. One thing that that article I posted clearly stated is that the default rate recently was lower than in 2002. Well why didn't we go under in 2002? Your opinion please?