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Question For All Because Iam Lost

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All financial companies have said " we only have top grade" so who has the lower grade trash then, if they all say they have top, then some one must have the lower grade, or are they all putting on a poker face.

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Guest Bart of Darkness
or are they all putting on a poker face

They may have stuff rated as "top grade". Whether it actually is or not, that's where the poker face comes in.

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Somethings not right that's for sure. I ain't no expert on finacial markets (but then who is?). All I know is that shedload of mortgages have been given to people who can't pay them back and that bad debt seems to have been brushed under the carpet. Everyone started to panic and markets plumetted until the fed dropped interest rates and now everything seems fine again as if nothing ever happened. If only it were really that simple.

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All financial companies have said " we only have top grade" so who has the lower grade trash then, if they all say they have top, then some one must have the lower grade, or are they all putting on a poker face.

Many of them neither know nor will admit what they have. Many have funds which are either directly or indirectly tied up with subprime, but they either can't, or simply won't put a figure on what the exposure is. The problem is you can't believe them no matter what they say, because they will hide it for as long as they can. The Banks have brought a credibility crisis upon themselves, as much as a credit one.

Edited by Sebastian

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Guest Bart of Darkness
but they either can't, or simply won't put a figure on what the exposure is

Now that is worrying!

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All the CDOs/derivatives, etc... have been sliced and diced together to infinity(almost). Its going to take years before any of these debt obligations are unearthed, accounted for and seperated into the goods, the bads and the plain uglies. It could well be a Wild West time in the markets, with the same level of trust between cowboys as in those days. No-one trusts anyone as no-one knows whose holding the bag. The likelyhood is it is a global problem and permeates through every bank, building society, pension fund, hedge fund, insurance co, and any other financial institutions you can think of. They say the stock market is a casino, well this is the poker table and everyones just started playing, sit back, keep your beer safe and watch the game, we maybe here for some time. :o

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All financial companies have said " we only have top grade" so who has the lower grade trash then, if they all say they have top, then some one must have the lower grade...

After his triumph with the magic beans, Jack goes out to spend the giant's gold. There is a huge amount of gold for Jack to spend, and the giant is dead. He meets a man with a sack who tells him it is full of golden geese who lay golden eggs. The sack smells a bit shitty, but Jack has a look in the sack, sees a fowl of yellow hue, and just then a golden egg rolls out. So Jack pays the man the going rate for a sack full of golden egg laying geese. When Jack gets home, he discovers that there is indeed a golden goose who lays golden eggs in the sack. There is also a lot of manure, which is the reason for the shitty smell.

There are a lot of Jacks.

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After his triumph with the magic beans, Jack goes out to spend the giant's gold. There is a huge amount of gold for Jack to spend, and the giant is dead. He meets a man with a sack who tells him it is full of golden geese who lay golden eggs. The sack smells a bit shitty, but Jack has a look in the sack, sees a fowl of yellow hue, and just then a golden egg rolls out. So Jack pays the man the going rate for a sack full of golden egg laying geese. When Jack gets home, he discovers that there is indeed a golden goose who lays golden eggs in the sack. There is also a lot of manure, which is the reason for the shitty smell.

There are a lot of Jacks.

http://www.candydirect.com/headwear/SOLDIERS-HELMET.html

You might find this useful.

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Thanks.

Though generally, when I'm after "candy", hard helmets are not exactly what I have in mind.

:lol:

Meant sir in jest and i hope it was taken that way!

No offence meant.

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:lol:

Meant sir in jest and i hope it was taken that way!

No offence meant.

None taken.

Please continue to argue the bull cause in any way you see fit. If us bears are right, we are going to need your balance in the years ahead.

Bull: the new position for the contrary Bear.

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