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.

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

To: Madharry who wrote (191036)	3/16/2009 6:16:57 PM
From: geode00	Read Replies (2) \| Respond to of 306849

The Case for Letting AIG Fail... But there's a true insight into this mess if you just step back and consider the bigger picture, not just AIG. Regardless of the details of the various swap contracts, they all represent potential transfers of wealth between financial institutions. If we consolidated the entire financial sector, all these debts would effectively vanish...." time.com This is what Salmon was saying on seekingalpha.com. The notional value of these things is in the trillions but they net each other out. It's not pretty but it's what happens when these morons gamble with OPM's in order to make huge bonuses. Honestly, shouldn't the masters of the universe be able to take a hit without running to mommy government?