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Status: (10) Toyota
Joined: Nov 2008
Posts: 130
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Expertise: E-Business: Publishing / Blogs
Locale: Brooklyn, NY
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Re: Best article on why the meltdown happened yet.
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Nov 20th, 2008, 08:33 AM
#8 (permalink)
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This article was very informative and engaging. Even though I didn't understand alot of the terminology, it helped me understand the madness and the greed that controlled much of Wall Street.
Rawr what does it mean to sell short? or to short a company?
I'M AMAZED THAT THESE RATING AGENCIES SEEM TO BE IN THE MIDDLE OF ALL OF THIS. HOW ARE THEY JUSTIFYING TURNING BBB LOANS INTO AAA-RATED BONDS? SHOULDNT THEY BE HELD ACCOUNTABLE AS WELL?
Its even more clear that the government took the tax payers money to bail out crooks that were playing GAMES (high risk ) with money that they didnt have........OMGGGGGGGGGGGG
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