To: MittFan08; cripplecreek; Wolfie; Heartland Mom; SE Mom; unique; NormsRevenge; Grampa Dave; ...
From this thread:
Buffett's "time bomb" goes off on Wall Street
******************************Graph from post # 25.
****************************************
I posted this graph on another thread - Cox recently stated that Credit Default Swaps are now at $62 Trillion.
We may be toast.
25 posted on
Wed 24 Sep 2008 08:49:27 AM PDT by
unique
To: Thane_Banquo
So are we looking at CDS/derivatives as a major culprit?
26 posted on
09/26/2008 9:34:43 AM PDT by
SE Mom
(Proud mom of an Iraq war combat vet)
To: Ernest_at_the_Beach
28 posted on
09/26/2008 12:12:31 PM PDT by
Straight Vermonter
(Posting from deep behind the Maple Curtain)
To: Ernest_at_the_Beach
I posted this graph on another thread - Cox recently stated that Credit Default Swaps are now at $62 Trillion. They aren't worth $62 trillion and so what?
29 posted on
09/26/2008 2:20:16 PM PDT by
Toddsterpatriot
(Let me apologize to begin with, let me apologize for what I'm about to say....)
To: Ernest_at_the_Beach; Grampa Dave; NormsRevenge
That graph would give me a worse headache than the one I already have.....except that not all hedges and derivatives are in default.
I find the fix of the credit market pegged at 800 billion suspect too. Buffet just bought 10% of Goldman Sachs and today JP Morgan Chase ate Washington Mutual. This is market adjustment....
Berkshire Hathaway and JP Morgan Chase are vultures and I suspect there'll be others.
34 posted on
09/26/2008 7:39:12 PM PDT by
BIGLOOK
(Keelhaul Congress! It's the sensible solution to restore Command to the People.)
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