get ready for the roller coaster
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From: TEXAS Y'all!
Originally Posted by Legal Bill,Sep 16 2008, 05:24 PM
It is not clear. It all depends on how many others they will drag down with them. Credit Default Swaps involve many many companies. If a big holder of notes gets hit when another big company goes into defualt, they all start falling like a house of cards. Many folks yel "let 'em all fall", but what they don;t realize is that their own investments will just disapear. Be careful what you cheer for.
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From: Bay Area
Now the money market funds are impacted. 
http://www.marketwatch.com/news/story/mone...1CC274AB5103%7d
http://www.marketwatch.com/news/story/mone...1CC274AB5103%7d
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From: Canton, MA
Originally Posted by martha,Sep 16 2008, 06:22 PM
It's the financial equivalent of what happened with Enron and their house of cards. Other energy companies fell like dominoes and people lost vast fortunes. I wish Ken Lay had lived long enough to spend the rest of his miserable life in jail, but I didn't see anyone passing out government backed loans to all the stockholders of those companies.
Joined: Oct 2002
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From: Canton, MA
Originally Posted by hunsfutz2,Sep 16 2008, 09:40 PM
Wow! 85,000,000,000 bailout for AIG! How much did the top three cake eaters receive for salary and bonus in the past three years?