NoFate

How NOT To Think About Investing

It is not about counter-party risk ...it is about transparency.

When we can finally read a financial statement for a bank without worrying about "mark to myth" or off the books SIVs ...and actually figure out what they are worth... then there will be no counter-party risk.

It's good to see that you are finally bearish Jeff ...too bad you are still not understanding the root problem.