> Sam wrote: > You think you sound so smart when you take talking points from Mo:) > > OK it does sound like you might be on to something, except... I can > back it up except on dailykos or the likes. >
Everything I'm saying comes from people in the biz or Bill Gross or Warren Buffett (who i guess are also in the biz but I don't know them). Anyway, here's an analogy: STDs. Sub-prime is like herpes. problem? yup. Big problem? depends. On what? on how many people get it. How do people get it? Sex. uh oh. people REALLY like sex. So what happens? Gov't steps in and says they're going to start treating everyone with herpes. If you have it please publicly sign up for treatment. uh oh. So herpes is the disease and sex (derivitives) is the vector: it spreads the disease to so many people that it threatens to become an epdemic. But there's also other diseases. And some of them, like mortgage backed securities, aren't as severe but don't require sex; maybe just kissing. So it's easy to focus herpes and politicize it and be the anti-herpes guy. But - if you were disease free and knew there was a VERY good chance that any random person probably has something and probably won't tell you or might not even know themselves, would you risk it? I wouldn't and neither would the banks. Even if the gov't says they're going to treat people, and you if you catch it, would you do it then? I still wouldn't. So the gov't is going to have to come up with some pretty hot partners to get the economy moving again. AND treat the disease. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:275755 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
