The point is that the proposed rescue bill would only cover mortgages, not derivatives, so bantying about the 50 trillion dollar number as a potential liability for US taxpayer is a scare tactic.
On Wed, Oct 1, 2008 at 11:23 AM, Sam <[EMAIL PROTECTED]> wrote: > What caused the $1 trillion credit derivatives default? > Bad mortgages. > So what was your point? > > > On Wed, Oct 1, 2008 at 10:21 AM, Maureen <[EMAIL PROTECTED]> wrote: >> Credit derivatives are in the 50 Trillion range, not bad mortgages. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:271776 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
