subprime derivatives

can we sue the banks who mis interprated and misled the investors into believing that the AAA or BBB ratings were equivalent to convectional corporate/company ratings.

"Lack of Faith"
No...the fundamentals were bad for the home owners. One just had to check the 2007-2008 unemployment numbers. If I was CNBC I'd fire them not for doing a sub par Japanese high school presentation on SIVs/MBSs and derivatives but for the retarded conclusion on the matter

So basically, they placed bets on people defaulting on their mortgages.

Would it be too much of a stretch to suggest that some or most of these defaults were manipulated so that the people who placed these bets could make money?

After all, the people who took out these mortgages would start out with a low interest rate, and then all of a sudden it would skyrocket to the point where the y could no longer afford to pay.

It's all a scam.

Cool, now people don't have to pay their mortgages, because, when they are sold, the securities investors are not parties to the mortgage contract, so they have no standing in a court of law. contract.

The scam is; even with this labeled as triple A security its not triple A at all.

indeed partylwc thats what made it so unbelievable. The pure lack of logic makes it so difficult to understand from a rational point of view.

they are some crafty fat cats on wall street. fat and greedy.

this is so much helpful for my upcoming final exam. thankssssss ^^ though there're parts I can't understand :)) Oh my English hichic anyway, many thanks. more understandable than lots of other videos I've watched on Youtube

what we need to understand is they are trying to make the whole world their sweat shop, we will soon be going around the monopoly board with no properties and any money we get from chance or community chest will go right to them.