Most unexpected apology from BBC interviewer on radio a few days ago when a Tory lady was also present.

The Question Time tactic of using the terms left and right does not work all the time and was really pleased that that the interviewer was not allowed to get away with that banal label.

AV

137 said “I hope you get tasered by the police tomorrow trying to barge your way into Merrill Lynch, there is certainly no other way you would ever be able to get inside an investment bank.”

There is no conspiracy theory needed, just look at the bottom line. Trillions lost and all you so called Masters of the Universe have had to go begging to the taxpayer to bail you out .The world now has 10′s of thousands of decent Co’s starved of loans and on the brink, unemployment is rocketing with millions out of work and most people liveing in fear of their jobs going. The economies are crashing and potentially looking at a re-run of the Great Depression or worse……Yet you people are still so removed from reality and so blinded by yr greed, that all you can do is hurl abuse at anyone who dares to question what you have all done.

But I thank you for the exchanges, as it is good to see that you have still to realise what went wrong and why. So unfortunately the Bear mkt has much work to do, to eradicate the crazed thinking that masquerades as wisdom and has taken over the financial world.

PS Merrill Lynch was once a fine Co, the US’s largest stock broker, a Co that one could be proud to work for…..until it too became infected by the bonus mania and it’s employees ripped it apart…..Now it’s flat bust, the name just a sub-division of Bank of America.

Oh you jealous, bitter little man! You don’t understand anything, probably just like when you were at school. I hope you get tasered by the police tomorrow trying to barge your way into Merrill Lynch, there is certainly no other way you would ever be able to get inside an investment bank.

By the way, no need for magic e when you are using the -ing form of the verb

No CDS necessary. If the holder of a bond wishes to buy protection through a CDS that is entirely a separate decision and does not affect the rating on the underlying asset at all. You really don’t know the first thing about finance.

Yr liveing in the past, it was all garbage from the get go, purely designed to pay out bonuses, to greedy bankers who understood nothing, but lineing their pockets..

Just how much money has to be lost before people like you will realise, that it was all highly dangerous rubbish that should never have existed, The finance world you talk of was and is nothing but a frauds charter, because none of the issuers could cover their risk, but none of you cared, so long as yr bonuses came through…..muggers are more honest than most bankers, because at least they are honest about stealing.

As I said before anyone who justifies what went on, either doesn’t understand it, or is part of the problem.

@120 and 129, the AAA was given because the senior tranches had credit support because of the subordination of the junior tranches. No CDS necessary. If the holder of a bond wishes to buy protection through a CDS that is entirely a separate decision and does not affect the rating on the underlying asset at all. You really don’t know the first thing about finance.