Posted on 10/13/2008 1:19:02 PM PDT by Pantera
Yeah, there should be no risks involved in investments.
They are AAA rated, therefore they cannot go down in value.
Oh wait, that would be socialism.
Maybe that is why the Europeans were confused. They don’t know what risk is.
LLS
Well we have learned that if you bus some financial products from the US that are by all means of the legal system of the US marked as very safe - you could as well have a nice time in Vegas with your doe.
So at the moment it’s the US beeing very busy to learn of the EU how to estimate and handle risk.
And you are right to be - in reality the US should be very concerned about the ongoing crack up of the repulican idea - don’t get me wrong I don’t write of Mc yet - but it doesn’t look good - even staunch supporters fall of and the bilance of the late presidency is a catastrophy.
The Country is broke and the ongoing wars are probably not to bring to the desired end.
A lot of trust in the US has been lost.
Never mind - now it’s the dems time - hope for good that the GOP will regroup and get it’s act together, it will need to change though.
I am convinced that somehow the US will get it’s gear together you guys are really fit to reinvent life and start something new.
I do not want you near my foxhole.
LLS
I bet you don’t want anything of what is comming your direction. But I am not one of these things.
In this particular case, the US and Britain consequently blocked legislation that would have led to more transparency, like Basel II. While there’s probably enough useless bitching between Europe and the US, in this case it might be wise not to jerk the knee too fast.
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