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Forum: Dollars & Cents 06-02-2009, 19:41
Replies: 62
Views: 7,789
Posted By Tempest245
Tao, there's a lot there. I don't know if moodys...

Tao, there's a lot there. I don't know if moodys et al were commiting fraud, totally incompetent or both. Moodys has as much credibilty now as Anderson had after Enron. The underlying conflict of...
Forum: Dollars & Cents 06-02-2009, 17:23
Replies: 62
Views: 7,789
Posted By Tempest245
[quote=TaoJones;252219]Two thoughts occur to me: ...

[quote=TaoJones;252219]Two thoughts occur to me:

1 - Why do you assume that it is not possible to know the contents of mortgage backed securities (MBS)? TaoJones [/quote


I think this is...
Forum: Dollars & Cents 06-02-2009, 16:19
Replies: 62
Views: 7,789
Posted By Tempest245
Tao, How do you value a securitized package...

Tao,

How do you value a securitized package of home loans if you don't know the contents?
Forum: Dollars & Cents 06-02-2009, 15:09
Replies: 62
Views: 7,789
Posted By Tempest245
Exactly. Though, one of the big...

Exactly.


Though, one of the big schemes out there are the "credit default swaps"...used to hedge the "mortgage backed securities". They didn't call it insurance, because that would require...
Forum: Dollars & Cents 05-02-2009, 19:19
Replies: 62
Views: 7,789
Posted By Tempest245
Money, as in the actual currency is not...

Money, as in the actual currency is not destroyed, someone has it in their pocket.

Wealth, or Asset Valuation is what has been destroyed, if it ever existed. Homes, Businesses, Stocks,...
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