> gg wrote: > What > if you no longer trusted that you'd get your burger? You wouldn't > pays yo money. >
Here's an example that just came in: --- Shares of Prudential Financial Inc. fell sharply Monday after a Goldman Sachs analyst cut its rating on concerns the company faces losses on its exposure to mortgage-backed securities. In a research note, Cholnoky said Prudential could have to take between $1 billion and $4 billion in charges tied to its exposure in residential and commercial mortgage-backed securities and commericial real-estate loans. --- So is Prudential's problem tied SOLELY to too many shitty bonds? Or is it that they have a bunch of shitty bonds AND CDS exposure? I can guarantee you Prudential has CDS exposure. You won't read THAT in the your MSM like fox. All this means Prudential's credit rating is threatened. Which means they may face a collateral call. Which puts their cash position into threat. Which threatens all of their regulated insurance business AND threatens all of their CDS partners. and their partners. and their partners. And instead of the gov't simply bailing out one person or institution, they have to bail out everyone. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:275750 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
