No. of Recommendations: 1
IMHO as long as folks think this way...I understand the root cause is subprime mortgages and the fact that stream of payments from mortgages is in jeopardy especially since the ARM's resetting. the more I realize how far we've got to go to "get it" (no offense intended toward poster). This is a deck of cards reflected by the following data:

In May the guys at Dominion Bond Rating Service (DBRS) provided a world-wide calculation on different positions and they go as follows:

1% Cash

10% Securities such as stocks, bonds and money market

11% Structured asset-backed product

78% Derivatives

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