On Thu, 19 Mar 2009 09:44:14 -0500, Ken Fortenberry
wrote:

wrote:
thunder wrote:
... These are the guys that put this complicated derivatives
disaster together. I've heard some say, they may be the only people that
can unravel the mess. It ****es me off, but we might be better off
paying the *******s.

Er, no. First of all, it's not just "derivatives" (do some reading on "CDO" and
"CDS" if you're interested) and secondly, anyone who _actually_ understood how
****ed-up all of this stuff is would have not gotten within a million miles of
it. That's, basically, the whole problem - 99.99% of the people that caused
this mess didn't have a friggin' clue (there were, I'm sure, a few that either
knew they didn't understand it and didn't care as long they were making money or
knew it was dangerous, and again, didn't care).

Wait a minute, this whole problem was caused by clueless investment
bankers and their exotic, reckless, little understood financial
instruments ?

Wait - to which "mess"/"problem" are you referring?

I coulda swore it was caused by Bill Clinton, Chris Dodd and the
uppity poor folks buying more home than they could afford.

Clinton, a _VERY_ minor role - no, under no realistic definition is he to blame
for either the AIG and similar "mess" or the overall current economic cycle.
Dodd, by himself, a minor-ish role, but Congress bears some of the blame. Folks
buying more home than they could afford, a small-ish role, but they aren't
"innocent victims," either - they shouldn't be allowed to use general funds to
"save" those homes.because however you wish to call them, they over-bought.

HTH,
R