posted to rec.boats
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First recorded activity by BoatBanter: Dec 2009
Posts: 4,106
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economist blames wall street for collapse
On Sun, 09 May 2010 15:53:53 -0600, Canuck57
wrote:
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 1
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.
one can only imagine what leads right wingers to compare cabbage patch
dolls to collateralized debt obligations worth 62 trillion dollars
but, i guess if you're right wing, dreaming about hating the middle
class makes it all logical
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