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To: JasonC
Pretending that men who made trades in the markets where risk is distributed that were correct enough to earn 10 figures, are "ignoring risk", is simply pretending.

Yeah, sure, Jason. That's why GS bought $13 billion in credit default swaps from AIG and never got around to making sure AIG could cover them until the last minute.

Any more of your divorced-from-current-reality bullbiscuits you wish to dump into this thread?

64 posted on 07/22/2009 8:54:23 AM PDT by dirtboy
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To: dirtboy
AIG covered them just fine. GS was smart, you weren't. This apparently bothers you.

Meanwhile the treasury made $1.4 billion lending GS $10 billion for less than a year, for a 23% annual rate of return in a market going smash. The treasury was also smart. You weren't. This apparently bothers you.

66 posted on 07/22/2009 12:38:07 PM PDT by JasonC
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