To: Brugmansian
Document it and you’ve got a book.
If you live to publish it.
To: Brugmansian
This was a real crisis for Goldman – they thought they had outsmarted the subprime market with their ABS CDOs and outsmarted all of the other banks by getting collateral posting from AIG when they got downgraded. But if AIG went away, this strategy would have blown up and cost Goldman billions.If they had collateral from AIG, how would they lose if AIG went away?
3 posted on
11/24/2009 5:07:17 PM PST by
Toddsterpatriot
(Math is hard. Harder if you're stupid.)
To: Brugmansian
7 posted on
11/24/2009 5:19:43 PM PST by
Jim Robinson
(Join the TEA Party Rebellion!! God save this great Republic!!)
To: Brugmansian
The real “Collateral” here is the IRS revolver...pointed at the heads of taxpayers....no matter how hard you try to dress it up otherwise.
23 posted on
11/25/2009 5:32:17 AM PST by
mo
To: Brugmansian
there is a new book on this coming out that was excerpted in Vanity Fair
interesting
yes...I know VF sux
but it does have a nice pic of Penelope Cruz’s arse on the front
25 posted on
11/25/2009 7:06:33 AM PST by
wardaddy
(The movie Valkyrie was excellent...I was surprised. What a cast.)
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