Hold on to your britches

Discussion in 'Financial Cents' started by melbo, Mar 16, 2008.


  1. Quigley_Sharps

    Quigley_Sharps The Badministrator Administrator Site Supporter+++ Founding Member

    Havin a good dinner tonight, and a good drink.[beer]
     
  2. Tango3

    Tango3 Aimless wanderer

    ECONOMY???CNN Says SCOTUS(heller) today(???)
     
  3. S&P

    S&P E&E w/AR

    Rumors by floor traders today that Merrill Lynch will announce huge write-downs tomorrow. Probably based on an earlier confirmed story about the law suit filed by Merrill against it's CDO insurer for $3.1B. Latest trend is for insurers to walk away from their obligations.
     
  4. Jonas Parker

    Jonas Parker Hooligan

    A lot of the problem is the "AAA-rated" insurers. They're not "walking away from their obligations", they're going bankrupt. The rating companies were on the take and the insurers were grossly under-capitalized. How do you spell "F-R-A-U-D"?
     
  5. RouteClearance

    RouteClearance Monkey+++

    And yet, how many of those truly guilty of this massive "Fraud" will go to jail? Hmmmm how 'bout ZERO
     
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