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Topic: Financial rescue 101: What's in the bailout bill

wallymac
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posted

One of the biggest reasons we are in this Financial Crisis is what happened to the SubPrime mortgages after they were issued. It was the bundling of them with other investments in CDO's and then compounded by the Credit Default Swaps. How exactly are Obama and Dodd part of that mess? The problem is that the CDS's are unregulated and have no transparency.

http://www.time.com/time/business/article/0,8599,1723152,00.html

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a surfer
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http://www.investorsinsight.com/****s/thoughts_from_the_frontline/archive/2008/1 0/10/where-do-we-go-from-here.aspx

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IWISHIHAD
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posted

"President Bush on Tuesday announced a $250 billion plan by the government to directly buy shares in the nation's leading banks, saying the drastic steps were "not intended to take over the free market but to preserve it."

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Maybe now they can naked short the bank stocks to let the government know what it feels like... oops i guess that would be us that would feel it.

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