Join Early Retirement Today
Closed Thread
Thread Tools Search this Thread Display Modes
Old 07-25-2008, 08:27 PM   #21
Thinks s/he gets paid by the post
ladelfina's Avatar
Join Date: Oct 2005
Posts: 2,713
good for whom?
Audrey is not missing the point at all.

CDOs, etc. were touted as saviors, and reducers of risk. They were saviors only to a select group that needed to expand debt to infinity.. without capital requirements, oversight or regulation, at the cost of the entire financial system.

No one today can make ANY informed choices no matter how smart they are; brewer said as much elsewhere. No one knows what anything is worth. That has been the "beauty" of it (and may well be the entire system's downfall).

He envisions me in a tinfoil hat and strait-jacket, but I kind of envision brewer in one of those Cold-War-era educational posters (of which I have one) that promote the wonderful benefits and complete safety of atomic radiation.

ladelfina is offline  
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 07-25-2008, 08:40 PM   #22
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
Join Date: Mar 2003
Posts: 15,911
"The man in the forest said to me,
'How many strawberries grow in the sea?'
I answered him as I thought good,
'As many herrings as swim in the wood.'"

"Neither my companion or I carry firearms on our persons. We depend on the goodwill of our fellow man and the forbearance of reptiles."

- English Bob
brewer12345 is offline  
Old 07-25-2008, 08:53 PM   #23
Thinks s/he gets paid by the post
ladelfina's Avatar
Join Date: Oct 2005
Posts: 2,713
noodles and a mat
ladelfina is offline  
Old 07-25-2008, 08:59 PM   #24
W2R's Avatar
Join Date: Jan 2007
Location: New Orleans
Posts: 34,874
I locked this thread because it seems to be going downhill and productive discussion seems at a halt.

"You can never cross the ocean until you have the courage to lose sight of the shore." - - - C. Columbus
W2R is offline  
Closed Thread

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Current US Economy godoftrading FIRE and Money 3 05-31-2008 05:47 AM
economy crisis? godoftrading Other topics 11 05-30-2008 07:56 PM
Is this how our economy really works? newguy88 FIRE and Money 38 02-01-2008 03:29 PM
Spending Less because of the Economy TromboneAl FIRE and Money 51 12-19-2007 09:07 PM
Direction of US Economy James5v FIRE and Money 37 11-08-2007 06:55 AM


All times are GMT -6. The time now is 08:24 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.