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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (40051)	12/30/2009 8:29:41 PM
From: TimF	Read Replies (1) \| Respond to of 71588

The LARGER point is that sub-prime is FAR TOO SMALL A PIECE of the global financial bubble/collapse to amount to much more then a mole hill when contrasted with the multi-Trillion dollar mountain that Credit Default Swaps represents 1 - I'm not only discussing sub prime, again your weighing part (sub prime) of the whole (problematic mortgages) as if it was the whole. (By "whole", I don't claim that there was no other important factors, only that it was the factor I was talking about.) 2 - You can't simply count the notational value to get a measure of the contribution to the problem. 3 - A lot of the CDS's where in trouble BECAUSE of the problematic mortgages they where based on. 4 - Counting problematic mortgages (or even just the much smaller area of sub-prime mortgages, even though it was not what I was talking about) as a mouse in terms of the financial crisis, is ridiculous.