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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (7694)	2/25/2009 9:40:48 PM
From: DuckTapeSunroof	Respond to of 103300

Yes.... (It's the excessive leverage that always gets you. ;-)

To: Kenneth E. Phillipps who wrote (7694)	2/25/2009 10:55:32 PM
From: kathtoo	Respond to of 103300

Message 25445262 wonder what their asset backed commercial paper was backed by, the smoke and mirrors of derivatives? 22B is a lot of paper gone bad. 40 Billion gone in a matter of days in October 2008. "world tipped into the worst economic and financial crisis in 80 years" "about 22 billion of last year's fall are paper losses and COULD regain value once the markets recover" That would certainly be the party line to investors, no? They certainly wouldn't say, looks like this derivatives crap is worthless folks. If it were worth something, why are they having such a hard time creating a market for it? These market geniuses. Pension fund to clients; we were suckered by the wall street crooks. By the way, notice that the Canadian Banks kept to their capital requirements. That means they didn't over leverage, ie play the derivatives game to the hilt. Good job Canadian Banks!

To: Kenneth E. Phillipps who wrote (7694)	2/26/2009 9:08:49 AM
From: puborectalis	Respond to of 103300

"Still, conservatives and Republicans shouldn't minimize their tasks. Long term, they need fresh thinking in a host of areas of domestic policy, thinking that builds on previous conservative achievements but that deals with the new economic and social realities. In the short term, Republicans need to show a tactical agility and political toughness far greater than their predecessors did in the 1960s and the 1930s. "Else they will fall," to quote the great conservative Edmund Burke, "an unpitied sacrifice in a contemptible struggle," reduced to the unpleasant role of bystanders or the unattractive status of complainers, as Barack Obama makes history. " William Kristol, editor of the Weekly Standard, writes a monthly column for The Post.