ANOTHER DAY AT GRANDMA'S > Comments on Forrest Gump explains Mortgaged Backed Securities

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I'm still trying to discriminate between "leveraged" stock deals,

and "buying on margin". Besides the facts that both caused huge financial damage and involved essentially borrowing money beyond your means or willingness to repay to gamble on investments that went belly up.

It's that "ventral float" thing I guess. If it works, it's Wallstreet Wizardry. If it fails, it's Chapter 13.

posted by majroj on October 23, 2008 at 7:41 PM | link to this | reply

Re: Greed isn't illegal. Lying isn't in many cases.

Nope, majroj, greed is not illegal and toppling the American financial markets and destroying her economy is not terrorism.

Go figure.

posted by benzinha on October 22, 2008 at 9:36 PM | link to this | reply

Greed isn't illegal. Lying isn't in many cases.
Have to find the tipping point between lying and stealing.

posted by majroj on October 22, 2008 at 5:38 AM | link to this | reply

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