Ulysses Benjamin Dover

Bankslaughter

Ummm, you have no idea what you are talking about, butt you are funny in a pathetic sort of way. Listen up, when the first CDS were conjured up for real estate they deliberately left out the possibility that real estate could drop in price. Why? Because the models did not work when real estate went down in price. So, they left it out and played dumb while they took their mil, errr excuse me, billions. Wake up, save a citizen.


On Jul 09 05:21 PM klarsolo wrote:

> I know all you guys want somebody to hang for what happened. However,
> a nationwide house price decline of such epic proportions in such
> a short time period was unprecedented. Many of these toxic products
> were build on a data history of several decades. Had the history
> been reasonably stable going forward, we wouldn't have had any of
> these issues. So does this make every banker criminally liable just
> because he dared to rely on a 50 year return statistic?
>
> No, I'm not saying all bankers are off the hook. Some were criminals
> and they should be punished accordingly. But would you also want
> the death penalty for doctors who prescribe you medicine that worked
> reasonably well for the last 50 years, but then all of a sudden started
> killing people off left and right?