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The New DU. Reply #10: His plan artificially keeps values inflated cause the government is fronting so much money
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KittyWampus
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Wed Mar-25-09 07:22 AM
Response to Reply #8 |
| 10. His plan artificially keeps values inflated cause the government is fronting so much money |
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Edited on Wed Mar-25-09 07:23 AM by KittyWampus
And my understanding is there is no auditing involved. It's just auctioning off as described above.
So the value is STILL not based on real-world assets and worth.
And that's part of how we got into this mess.
These funky investment vehicles were rated as sound and low-risk not because of what they actually are .... the rationale the investment firms used to have this crap rated highly was .... HEY, we're gambling so much on them so the MUST be worth this much.
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