tag:blogger.com,1999:blog-53246864840716464.post7596674735124688301..comments2024-02-29T00:46:38.800-08:00Comments on Washingtons Blog: What ARE the Toxic Assets Everyone Is Talking About?Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-53246864840716464.post-38744171090413897422009-03-24T06:07:00.000-07:002009-03-24T06:07:00.000-07:00If you enjoyed this article as much as I did, you'...If you enjoyed this article as much as I did, you'll likely enjoy this one as well because this is the first thing that came to my mind.<BR/><BR/>http://www.schillerinstitute.org/fid_91-96/954_Gallagher_Venice_rig.htmlEric Vaughanhttps://www.blogger.com/profile/17268676589486921213noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-89811050177190858462009-03-23T20:25:00.000-07:002009-03-23T20:25:00.000-07:00Exactly, watching the circus the last few months i...Exactly, watching the circus the last few months it has become painfully obvious that all the derivative classes need to be blown away. I know this will wipe out a whole class of investors most of whom were rich to begin with and of course pension and retirement plans will suffer big losses. Better some investors than a nation. <BR/>The statement in your post that said the rating companies rated these securities AAA because they believed real estate would always go up says they were spending their huge salaries on high grade dope is obvious. No thinking human being could possibly believe that when wages were falling and mortgages were as big as 10 times your annual salary. Stringent regulation and some serious jail time might keep this from happening again.Anonymoushttps://www.blogger.com/profile/13156080225918567393noreply@blogger.com