SI
SI
discoversearch

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 : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Joe NYC who wrote (484126)5/28/2009 11:24:25 PM
From: i-node1 Recommendation  Respond to of 1574021
 
>> How exactly is growing cash surplus of SS while liabilities are growing at 10x or 100x rate different from AIG credit default swap business?

Exactly. Or Enron's partnership deals designed to hide the lack of equity in their business interests.



To: Joe NYC who wrote (484126)5/29/2009 7:22:18 AM
From: Road Walker  Read Replies (2) | Respond to of 1574021
 
How exactly is growing cash surplus of SS while liabilities are growing at 10x or 100x rate different from AIG credit default swap business?

First your premise is wrong which is obvious since you state 10X or 100X (obviously don't know what you are talking about). Second you question is like asking "what's the difference between a dog and a hamster, they both have 4 legs they must be the same!". It's totally stupid.



To: Joe NYC who wrote (484126)5/29/2009 12:07:48 PM
From: tejek  Read Replies (1) | Respond to of 1574021
 
How exactly is growing cash surplus of SS while liabilities are growing at 10x or 100x rate different from AIG credit default swap business

Because AIG's CDSs were mostly crap.......bogus financials wrapped in a pretty package. With SS its a funding shortfall that can be covered by reducing military spending.