They are so obsessed with this "making the cdo's transparent", somehow they are convinced that the current fire sale prices are apparently TOO HIGH, apparently need to be at .10 on the dollar..
I swear to god that the republicans want to red tape this thing. We could see some crazy filibustering, or other crazyness......
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Thursday, October 2, 2008
Fastmoney
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