Archived posting to the Leica Users Group, 2009/04/09
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]George, Your comments about bringing things to light are most welcome. Unfortunately, most of the TARP funds and where they went exactly is being hidden. We are supposed to be outraged by $165 million in bonuses but no one tells us where the other 60 billion went. If AIG was going down because folks who bought Credit Default Swaps for securities they didn't own why are we in such a hurry to pay them off? If the problem is mortgages backed securities that have unknown values causing capital issues with banks holding them then why not change the accounting rules as to valuation; if the note is current then the security is at full value. Many people are technically underwater with a mortgage but still pay the note every month. On Wed, Apr 8, 2009 at 4:43 PM, George Lottermoser <imagist3 at mac.com> wrote: > Warning: > Though related to the "LUG assignment" > this is a personal opinion verbal blog post. > > <http://www.imagist.com/blog/?p=1015> > > some of you may find it interesting. > > Regards, > George Lottermoser > george at imagist.com > http://www.imagist.com > http://www.imagist.com/blog > http://www.linkedin.com/in/imagist > > > _______________________________________________ > Leica Users Group. > See http://leica-users.org/mailman/listinfo/lug for more information > -- Don don.dory at gmail.com