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Why do the best threads always die?

That was great.

Makes sense. Still cant see why its a bad thing.

Hmm Lets see how stock_trad3r did...These are all separate posts. And that was just 5 minutes worth..

According to your supply side economics, isn't Obama doing exactly what he is supposed to be doing by spending a lot of money? How many people will this event employ? Whats your beef?

Liberal= tree hugging, welfare wanting, under achiever with no ambition and thinks they are entitled to a check every month or latte sipping "elite" with no idea how capitalism works. Conservative: no tooth redneck who's main answer to economic woes is "a country boy can survive" and who...

Ill admit my generation lacks...errr motivation. But the truth is...shit guess you're right. Thing is that they...well...I dont know. They will soon realize...ahh guess not. We're not all what you describe.

Thanks. There is a lot to be said for simplicity especially when your trying to explain a derivatives market to someone who doesn't know derivatives exist. I wrote this mainly for friends and family...who wonder how in the world I know that without being in college. And of course, they say, the...

I agree with both of you leverage is absolutely a cultural problem. From people with credit cards to companies, to financial juggernauts, right on up to the federal government. Seems like that is the real problem.

Thanks. Actually this is only half of it, the first half i spent explaining what a derivative is, what a bond is, what a CDS is, how the secondary market works etc in very very laymen friendly terms. I left all that out here. I sent it to friends and family and they seemed to be able to...

The bill that repubs drew up was never even brought to a vote, in a house which was controlled by the majority repubs. Incompetence on both sides.

lol agree completely. Redistribution wealth is evil, but redistribution debt is completely fine (bush spending). hmm. crazy politicians.

No doubt. I'm not disagreeing with the fact that FNMA was part of the problem, and that they used CDS to attempt to insure their debt, it sounds exactly right, but FNMA is a drop in the ocean compared to whats going on in the rest of the secondary market. FNMA is doing exactly what I described...

damnit. i thought it was just me. lol oh well.

Did you even read what I just wrote? You obviously didn't. Maybe you should. Oh and Im not defending FNMA, Im sure you are right but the fact is you are blaming the crisis on subprime loans, and then blaming FNMA which only holds 1/10th of all subprime loans AND whose subprime loans are less...

Oh thats cool. I haven't seen any but I dont come in this section often.

Once again Mav Fannie only hold around 10% of the entire subprime market. Still think that 10% is responsible for the massive increase? Look here: You may have gathered by now that CDSs are basically insurance for people who invest on bonds. The only reason its not called credit default...

A Financial Crisis It seems no one really can put their finger on what is causing this financial crisis, and why the federal government is having to prop up these companies. Why can't they fail? Why do we have use our money save them? No one seems to know. I hope this gives you a little...

Ahh I now see that you were one i took of my ignore list. I knew there was a good reason you were on it. Welcome back.