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To: ari-freedom

I don’t believe there is a solution—at least until the system gets flushed of these toxic instruments, and in order for that to happen, we’ll need to endure another “Great Depression”. DJIA at 2,000, etc


12 posted on 11/16/2008 2:46:29 PM PST by MichaelinTampa
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To: MichaelinTampa

These instruments are as potentially bad as advertised. And the fact that they occur over-the-counter via an ISDA means they are both hard to value and illiquid. The notional value estimated size numbers are accurate as well.


13 posted on 11/16/2008 2:51:32 PM PST by CT (Joe Biden: http://www.youtube.com/watch?v=KTwnwbG9YLE)
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