BoatBanter.com - View Single Post - economist blames wall street for collapse

Canuck57[_9_]

On 09/05/2010 1:55 PM, wrote:
On Sun, 09 May 2010 14:49:26 -0400, wrote:

On Sun, 09 May 2010 13:33:13 -0400, wrote:

On Sun, 09 May 2010 12:43:06 -0400, wrote:

BP usually limits this rant to the CDOs and there is no equity
position in them.

do you know what the value of CDO's was in 2006? care to look it up?

The value was zero, the price may have been high but we now know they
were worthless ... until the government threw tax dollars at them to
give them value.

ROFLMAO!! of COURSE THEY ARE WORTHLESS YOU MORON!! that's why we're in
a DEPRESSION

in 1996 CDO's were worth 1 trillion dollars

10 years later they were worth SIXTY TWO TRILLION DOLLARS.

You seem to be confusing "value" and "price".

There were people who paid a thousand dollars for a cabbage patch doll
but that did not mean they were worth $1000. A year later they were 99
cents at the Goodwill.

$1000 probably went on the credit card with monthly payments too.

--
There is a sucker born every minute, liberals and our politicians are
counting on it.