the next shoe

I'm not sure if the next shoe will be the dollar off a cliff

or Derivitives.

I saw CNBC look at this, I was stund.... they have come so far.

Sure Doug Kass talked about this.... But once CNBC starts to get it......

The Jist of this is that the CDO's were marked AAA because of the insurance... They ranked BBB to AAA because of insurance. if the insurers can't insure them.... it means

More bank write downs. and more dumping of non AAA debt....

I honestly don't know how far down the well this goes.... because I have no idea of the amount of this stuff that is out there...

Some say 100-200 Trillion.

I really don't know.