Exactly, this is a finance subject. Can I let you in on a secret---I know for a fact that even Paulson--has had to have bankers sit with him to help educate him regarding aspects of this crisis and how to respond. And he has a finance background a very good understanding of economics. There is no way one can understand what is going on now without a lot of study and a knowledge base. That is why Frank and Dodd are so dangerous. One fear I have heard from major bankers is that of a complete change in administration in the congress..."because we will have to educate a whole new group" of lawmakers so that they will not enact laws that will make the country worse off and prolong the financial crisis. So someone here on the AFF without even basic finance education cannot understand the depth of the crisis.
I started this thread with the hopes that people could band together and pray for our country. The only hope for us is for God has mercy. Politics have little to do with this, I did write that I think McCain will be a better economic pres. but whoever is elected will have a HUGE mess to deal with. Prayer and faith is something that people here could be good at, that message could be carried to their churches, together they could help change the course of the nation.
can you day derivatives? and anyone claiming to understand derivatives as they are used in financial terms is a liar. (i mean in detail)
__________________ If I do something stupid blame the Lortab!
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