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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: RockyBalboa who wrote (188599)3/5/2009 5:03:34 PM
From: bentwayRead Replies (2) | Respond to of 306849
 
What I'd like to see happen is for the claimants on AIG's CDS's show the financial instrument they OWN that the CDS was insuring before being paid with taxpayer's money.

From what I've read, some huge percentage of these CDS's were placed as pure BETS in the AIG casino. The gamblers should EAT their losses.

I can't take out fire insurance on my neighbors house or life insurance on his person - it's ILLEGAL.