I own 12 million dollars (cost) worth of Credit Default Swaps and I want my money NOW! (100:1) I will exercise them tomorrow evening with my counter part at the Asia opening... tomorrow evening... Wifey http://www.nytimes.com/2008/09/27/business/27charts.html?ref=business
Let's stick to business....don't you folks realize that this smokescreen will not last forever... You can throw a ball up in the are a and volley it up there for a while...but gravity takes it's toll... 62 trillion dollars is the problem and we are going to default on it...the rest of the world that bought these swaps does too... never trust America again World... Wifey
Wow!!! Look who crawled out from under his rock. Send my regards to The Electric Bafoon! I miss his journal. N.
rc, I am writing an exerpt in italics from the link that I posted in the opening post. One of the major reasons that the government helped out in the Bear Stearns situation,â Treasury Secretary Henry M. Paulson Jr. testified at a Senate hearing this week, âwas to avoid throwing it into bankruptcy with all the credit-default swaps So if the lehman had some swaps.... they would have been saved? Wifey
Electric Savant: Why don't you untuck your penis from between your legs and post as yourself instead of your toothless wife? N.