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To: carranza2 who wrote (400388)1/30/2010 10:54:20 PM
From: Real Man  Read Replies (1) | Respond to of 436258
 
Well, you can argue the CDS market is insurance, only you
can get insurance for something you don't own. So, when
the holders of the claims burned down the house and the
govt. paid for it, what happened was essentially a giant
insurance fraud, which was endorsed by the government?



To: carranza2 who wrote (400388)1/30/2010 11:28:57 PM
From: Terry Maloney  Respond to of 436258
 
>>The counter-parties played it beautifully, almost as if they had designed the play themselves. <<

Almost?

They own the Fed and the government both, why wouldn't they? <g/ng>


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