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bpuharic

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

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

and yet the right wing blames the middle class for wall street greed!

all you have to do is look at the numbers...but the right doesn't DO
this because they'd rather blame working folks

yeah, i bitch about CDO's. because unlike you, i know how leveraged
they were.

"leverage" is not a valid term when there were no real assets at all.
These were just side bets on leveraged securities with no direct
collateralized connection.

exactly the ****ing point you moron. wall street sold these things
like they were $10 whores. and when they went to 62 TRILLION,
investment houses said 'hey, we made our money, but we were just
joking'...

now let main street clean up the mess

but the right still blamed main street

bpuharic

On Sun, 09 May 2010 15:55:26 -0400, wrote:

On Sun, 09 May 2010 14:49:26 -0400, bpuharic wrote:

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

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

IOW you dont know what a financial instrument is.

figures. no wonder you want to blame the middle class.

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.

bpuharic

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

bpuharic

On Sun, 09 May 2010 22:54:35 -0400, wrote:

On Sun, 09 May 2010 19:33:59 -0400, bpuharic wrote:

one can only imagine what leads right wingers to compare cabbage patch
dolls to collateralized debt obligations worth 62 trillion dollars

They were both worthless bits of **** that people thought would be
worth a lot some day. The analogy is valid.

except cabbage patch dolls weren't traded by investment houses and
didn't lead to the collapse of the US economy

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