To: GodGunsGuts
Lord knows I'm no financial genius. But that triangle looks very, very scary.
7 posted on
10/07/2007 10:20:24 AM PDT by
upchuck
(Hildabeaste as Prez... unimaginable, devastating misery!)
To: upchuck
Neither am I, but it certainly gives me pause for reflection. If what this guy says is true. Even traditionally safe investments (like CDs) are at risk because of the financial leverage tied to them. In these turbulent financial times, the phrase CAVEAT EMPTOR should most definitely be kept in mind.
To: upchuck
“Lord knows I’m no financial genius. But that triangle looks very, very scary.”
The biggest worry is the derivatives, which are unregulated and mostly untested by a serious downturn.
29 posted on
10/07/2007 1:39:21 PM PDT by
Pelham
( "Because if they didn't vote for a lizard," said Ford, "the wrong lizard might get in. Got any gin?)
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