> Sam wrote: > If they were to complicated to understand and value how could they collapse? > It was a bet on housing and the housing market failed. No mystery is > what I believe he's saying. >
But that avoids the entire questions of: (1.) Should they have been able to bet? Did they have a role in allowing themselves to bet? (2.) Did they rig the market with other sides bets/schemes? (3.) Did they have a role in the policy that allowed the bets? (4.) Should there have been regulation and did they have a role in preventing regulation? (5.) Did they know their bets would collapse the market? The reason you think it's simple is because you don't understand it. It's people like you that wish my wife wouldn't have talked us out of staying in banking. For some reason people absolutely LOVE giving their money to bankers. They even defend their theft. It's the best grift in the World! Look at Sam - he doesn't think he's been ripped off enough yet. Did you know GS underwrites their bets with your tax dollars? Still? Of course you didn't. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Want to reach the ColdFusion community with something they want? Let them know on the House of Fusion mailing lists Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:300174 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
