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elena_murooni

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elena_murooni

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Re: dexprs post# 48979

Wednesday, 05/13/2009 6:08:40 PM

Wednesday, May 13, 2009 6:08:40 PM

Post# of 111443
Wow... those toxic assets! (we should call them 'legacy' now?).

Hello to the silly new investors! Those toxic assets, which are currently 'surmised to be toxic', are about to actually
BE toxic and thus prove their worth... or lack thereof. Those invested in the banks holding them will surely feel the pain.

A double hit will be when the bank holds the loan plus has a stake in the derivative of that loan & ... opppps... the loan goes bad.

Hmmmmm. Not for a merry night of drink, no?
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