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Friendly Political Discussions - 'POL' Left, Right, or Center ~ You are All Welcome Here! So let’s hear your comments and opinions… Please be respectful to everybody . Political discussions tend to get heated and that is just fine, however, please remember to treat everybody with the same respect you expect.

 
 
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Old 09-21-2008, 04:09 PM
nightowlrn's Avatar
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Join Date: Jan 2000
Location: With TwoLiveJews
Posts: 4,458
Finally, Mr. Bush has talked to the "experts" about something ...

"It turns out that there's a lot of interlinks throughout the financial system..."

Federal News Radio - WFED: President Bush's remarks on the economy
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Old 09-21-2008, 04:29 PM
forrestlayne's Avatar
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Join Date: Mar 2002
Location: VA
Posts: 1,892
This crisis goes beyond the understanding of most "experts".

"The (derivatives) problem was last reported by BIS (Bank of International Settlements) as one quadrillion, one thousand one hundred forty four trillion - just an ant hill larger than the $700 billion requested to make whole the problem. With derivatives, notional value becomes full value when the counter-party goes into default (bankruptcy, restructuring, can't make a payment)."
 

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