AIG

xoxoxoBruce · 03-30-2009, 11:38 AM

But wasn't that $25,000,000 profit all smoke and mirrors... a perceived increase in wealth, along with trillions more, that disappeared in a heartbeat when the wizard was exposed?

Much of that profit was created out of irrational exuberance caused by people believing phony spread sheets and worthless derivatives were creating wealth, when i fact it was setting the worldwide financial web up for a fall... except The Bank of North Dakota.

03-30-2009, 11:38 AM	#11
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	But wasn't that $25,000,000 profit all smoke and mirrors... a perceived increase in wealth, along with trillions more, that disappeared in a heartbeat when the wizard was exposed? Much of that profit was created out of irrational exuberance caused by people believing phony spread sheets and worthless derivatives were creating wealth, when i fact it was setting the worldwide financial web up for a fall... except The Bank of North Dakota. __________________ The descent of man ~ Nixon, Friedman, Reagan, Trump.

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