are we screwed ?

[JWM in SD]

JWM in SD

“Why is a banks problem, my problem, when ‘I’m doing ok’?

What is this ‘we’ business you guys keep prattling about, I am an island unto myself.”

So I guess you keep all of your money in your mattress right?

So PB, do you work for one of those fourteen organizations that the FBI will be looking into shortly? Who knows, you might have an orange jumpsuit in your future…..

[JWM in SD]

JWM in SD

“Why is a banks problem, my problem, when ‘I’m doing ok’?

What is this ‘we’ business you guys keep prattling about, I am an island unto myself.”

So I guess you keep all of your money in your mattress right?

So PB, do you work for one of those fourteen organizations that the FBI will be looking into shortly? Who knows, you might have an orange jumpsuit in your future…..

[rocket science]

Br. Buffet had another good one in 2002 as well.

Following are edited excerpts from the Berkshire Hathaway annual report for 2002.

The derivatives genie is now well out of the bottle, and these instruments will almost certainly multiply in variety and number until some event makes their toxicity clear. Central banks and governments have so far found no effective way to control, or even monitor, the risks posed by these contracts. In my view, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.

This was quoted as recently as Jan 2008 with respect to credit default swaps in a LA times article on the economy.

[rocket science]

Br. Buffet had another good one in 2002 as well.

Following are edited excerpts from the Berkshire Hathaway annual report for 2002.

The derivatives genie is now well out of the bottle, and these instruments will almost certainly multiply in variety and number until some event makes their toxicity clear. Central banks and governments have so far found no effective way to control, or even monitor, the risks posed by these contracts. In my view, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.

This was quoted as recently as Jan 2008 with respect to credit default swaps in a LA times article on the economy.

[rocket science]

Br. Buffet had another good one in 2002 as well.

Following are edited excerpts from the Berkshire Hathaway annual report for 2002.

The derivatives genie is now well out of the bottle, and these instruments will almost certainly multiply in variety and number until some event makes their toxicity clear. Central banks and governments have so far found no effective way to control, or even monitor, the risks posed by these contracts. In my view, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.

This was quoted as recently as Jan 2008 with respect to credit default swaps in a LA times article on the economy.

[rocket science]

Br. Buffet had another good one in 2002 as well.

Following are edited excerpts from the Berkshire Hathaway annual report for 2002.

The derivatives genie is now well out of the bottle, and these instruments will almost certainly multiply in variety and number until some event makes their toxicity clear. Central banks and governments have so far found no effective way to control, or even monitor, the risks posed by these contracts. In my view, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.

This was quoted as recently as Jan 2008 with respect to credit default swaps in a LA times article on the economy.

[rocket science]

Br. Buffet had another good one in 2002 as well.

Following are edited excerpts from the Berkshire Hathaway annual report for 2002.

The derivatives genie is now well out of the bottle, and these instruments will almost certainly multiply in variety and number until some event makes their toxicity clear. Central banks and governments have so far found no effective way to control, or even monitor, the risks posed by these contracts. In my view, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.

This was quoted as recently as Jan 2008 with respect to credit default swaps in a LA times article on the economy.

[Pasadena Broker]

Bank of Sealy doesn’t provide enough of a return but is sounding pretty attractive with what I see coming down the pike.

Nope, not associated with any of the 14, and my personal hope is they bust all the thieving, lying bastards that are destroying communities and families.

Orange doesn’t bring out the color in my eyes

[Pasadena Broker]

Bank of Sealy doesn’t provide enough of a return but is sounding pretty attractive with what I see coming down the pike.

Nope, not associated with any of the 14, and my personal hope is they bust all the thieving, lying bastards that are destroying communities and families.

Orange doesn’t bring out the color in my eyes

[Pasadena Broker]

Bank of Sealy doesn’t provide enough of a return but is sounding pretty attractive with what I see coming down the pike.

Nope, not associated with any of the 14, and my personal hope is they bust all the thieving, lying bastards that are destroying communities and families.

Orange doesn’t bring out the color in my eyes

[Pasadena Broker]

Bank of Sealy doesn’t provide enough of a return but is sounding pretty attractive with what I see coming down the pike.

Nope, not associated with any of the 14, and my personal hope is they bust all the thieving, lying bastards that are destroying communities and families.

Orange doesn’t bring out the color in my eyes

[Pasadena Broker]

Bank of Sealy doesn’t provide enough of a return but is sounding pretty attractive with what I see coming down the pike.

Nope, not associated with any of the 14, and my personal hope is they bust all the thieving, lying bastards that are destroying communities and families.

Orange doesn’t bring out the color in my eyes

[Author]

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