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Pastimes : Don't Ask Rambi -- Ignore unavailable to you. Want to Upgrade?

To: JF Quinnelly who wrote (69825)	1/10/2009 1:58:07 AM
From: Jacques Chitte	Read Replies (1) \| Respond to of 71178

I cannot believe I caught old DARmates with their orthographic thongs around their ankles. Slather me with Durian Chutney if I'm wrong, but isn't it "Volcker"? By the way, "Cappadocia" inspired the NyQuil bottle. Takes TWO capsful to dose this old psychotourist. bwahahaaa<yawn> cheers js

To: JF Quinnelly who wrote (69825)	1/10/2009 12:15:45 PM
From: koan	Respond to of 71178

Let me redo this paragraph-lol. Early here. Yes, glass Steagll was everyone's fault, but according to NOW/PBS it was also Moody's and Standard and Poors stamping C and B paper AAA paper, after banks pulled the C/B paper out and rebundled it into collateralized Debt Obligations (CDO's; and then selling them around the world as AAA paper (fraud)in billion dollar bundles making a fortune in commissions. And CDS's made things even worse e.g. AIG. It was the CDO's which caused the freeze in credit markets when they could not "Mark to market" i.e. no one knows what their real worth is.