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Topic: Financial Weapons of Mass Destruction
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Page 1 of 1 of 5 replies
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October 29, 2008 at
12:59:47 AM
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This message was edited on
October 29, 2008 at
08:40:40 PM by cubicdollars
Financial Weapons of Mass Destruction
(high res)
(low res)
They don't even know how to spell sprint car
much less chromoly...http://www.ycmco.com
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October 29, 2008 at
08:16:43 AM
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1973
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"We have met the enemy, and he is us.".....Pogo, in the Walt Kelly cartoon....
Chuck.....
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October 29, 2008 at
05:15:03 PM
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1088
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I read on a site earlier today that said that several of the companies in the bailout are giving out bonuses that total up to $20 billion. Its good to see some will be able to buy that new BMW for their kids and a new tit job for their mistresses this xmas. I wonder if they'll use the rest to make some new minimum wage jobs in the rust belt so they can clear their consciences and pat each other on the backs down at the country club. I'm sure that they worked hard for it and don't deserve to be taxed on it. That would be unamerican afterall.
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November 01, 2008 at
10:19:51 AM
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This message was edited on
November 12, 2008 at
10:59:00 AM by cubicdollars
I still can't get over the fact that they were gambling ~$50 trillion? The whole GDP for the US is only ~$14 trillion. Not having enough money doesn't seem to be the problem...lol.
Is it really that difficult for them to invest it in something a little more worthwhile than gambling on whether or not people are going to default on their mortgages...lol?
What a bunch of jackasses...and we had to bail them all out?
They don't even know how to spell sprint car
much less chromoly...http://www.ycmco.com
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November 10, 2008 at
11:15:05 PM
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This message was edited on
November 10, 2008 at
11:32:55 PM by cubicdollars
CREDIT DEFAULT SWAP MARKET SIZE
end-2001: $918 billion
end-2002: $2.2 trillion
end-2003: $3.8 trillion
end-2004: $8.4 trillion
end-2005: $17.1 trillion
end-2006: $34.4 trillion
end-2007: $62.3 trillion
mid-2008: $54.6 trillion
Amount of outstanding contracts, according to the International Swaps and Derivatives Association (ISDA).
$8 trillion worth the credit default swaps being called in so far crashed the global economy...$55 trillion to go.
We're witnessing greatest example of trickle-down economics in history...
They don't even know how to spell sprint car
much less chromoly...http://www.ycmco.com
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November 12, 2008 at
11:03:54 AM
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Credit default swaps on whether or not the United States government itself will go bankrupt have skyrocketed in recent weeks.
Click here, for article/video Bailout Price Tag: $3.5 Trillion So Far, But 'Real' Cost May Be Much Higher
They don't even know how to spell sprint car
much less chromoly...http://www.ycmco.com
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