> RoMunn wrote: > Friend of mine just posted this link on FB. It has two parts, about 15 > http://www.youtube.com/watch?v=Q0zEXdDO5JU >
Dude. That reflects reality like styrofoam balls represent the universe. Think about with the number for 1/2 or a millisecond: Total subprime: $1T Total default: $100B Gov't buys out ALL defaulted mortgages, problem solved. Ok, let's say my 10% estimate is off. by 500%. That's $500B. Gov't buys out defaulted mortgages. problem solved. Dude, simple numbers here. THEY. DON'T ADD UP. Oh, and "CDO" stands for "credit" default obligation NOT "mortgage default obligation". This just ain't what happened period. (although it is part of it, but such a small part as to make it wrong) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:289403 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
