Thread: WIN WIN WIN: Senate passes Financial Reform Bill

The issue of copy/pasta? Yeah, you got me there bro.

The Big Short
Freefall
Too Big to Fail

I pasted this into Wiki but got no results, which leads me to believe that you actually wrote this youself.

We are making steps in the right direction.

Dunno why that's funny? I am all for regulation and oversight.

The irony is that you tell other people to read up on this topic.

JP Morgan really belongs in there with Lehman, Bear and AIG.

Hai guyce. What's going on in this thread?

The irony is that I've already proven that I'm right, and that CDOs were mostly made up of sub primes yet you still come in here and try to call me out, while your other mouth breathing compatriots egg you on.

JP Morgan was the third largest deposit based bank and the largest hedge fund and one of the big four banks in the country. They needed $25 billion to stay afloat. Would you have been happier if I said Merrill instead?

A. They didn't need the $25 Billion to stay afloat.

B. They paid it back as soon as they were allowed to.

C. It's a well known fact that the government forced TARP on every bank.

D. CDO's are a collection of mortgages. Prime & Sub-Prime. CDO's are not a collection of solely sub-prime mortgages (which you claim).

As to D., it could be either. There's nothing inherent in the collateralization process that forces a particular makeup upon it. A CDO might not even be composed of mortgages.